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Residence and Domicile Review

 
Janet Paterson Partner Creaseys LLP explains how the Budget has provided a number of welcome relaxations on the rules as initially drafted on the taxation of non-domiciliaries and the definition of residence
 
Thanks in a large way I suspect to the lobbying by STEP the 12 March 2008 Budget announcement outlines a number of additional measures to relax the initial proposals of 18 January (see The Tax Journal Issues 919 and 920 4 and 11 February 2008). Although some aspects remain unclear and we do not have detailed revised draft legislation in all areas this article attempts to summarise the position as it is now believed to stand in relation to the taxation rules on residence and domicile applicable from 6 April 2008.
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