The Non-Dom Tax Forum 2024 - 3rd Annual

Registration
9:00 am

Chair's Welcome
09:15 am

Highlighting Recent Cases and Developments in Non-Dom Taxation
09:30 am

• An overview of the tax cases involving non-doms and their focus
• The Impact of key judgements
• The non-dom tax advisory landscape today

Exploring Where the Replacement of the Domicile Regime Leaves Us and How Advisors Should Prepare
10:00 am

• Opportunities and challenges from the incoming Residency-Based System
• How will the new Residence-Based System affect UK’s appeal to HNW individuals
• Future proofing and balancing simplicity with security for clients

Networking Session & Refreshment Break
11:00 am

Advising Clients Leaving the UK
11:20 am

• Looking at restructuring opportunities in relocation
• Helping returning former residents
• Creating relocation contingencies for clients worried about UK Domicile law changes

Examining Different Jurisdictions for Mobile HNW Individuals: Italy & Spain
12:05

• Advantages of alternative jurisdictions for NHW clients
• What to know when preparing clients to enter these jurisdictions from the UK
• What can the UK system learn from alternative structures around the world?
• Will the UK’s loss be their gain?
• What can the UK Residency Based System learn from other regimes?

Networking & Lunch Break
12:50 pm

Exploring Financial Structures That May Assist Clients in the New Regime
13:50 pm

• Identifying the tax traps and pitfalls for advisors for non-doms investing and residing in the UK as compared with the current regime
• What to do with prior unremitted funds
• Considering alternative approaches, investment strategies and investment holding structures in the new regime

Assessing Changes to US Tax and Transparency Requirements Affecting Non-Doms
14:35

• The state of UK domicile and US citizens
• Changes to make for clients in the runup to the US Corporate Transparency ACT deadline for any “beneficial owners”
• Reduction of allowances in US tax law from 2026

Discussing Approaches to Handling HMRC Investigations into Domicile Status
15:05 pm

• The practicalities of investigations and what advisors should do to prepare clients
• Preparing records to stop an investigation going forward before it starts
• Communicating with the Revenue effectively

Networking & Refreshment Break
15:50

Exploring how Residence and Domicile can Affect Trusts, Beneficiaries, and Family Law
16:10

• Stress testing financial structures for beneficiary upheavals
• Avoiding settlor interested trusts
• Changes to Private Trust Companies
• Succession planning for non-doms in different jurisdictions

Case Study: Supporting a Non-Dom Immigrating to the UK with their Family
16:55

• Pre-planning to ensure clients have enough days allowed to attend for key family, business, and leisure events in the country
• Balancing family, business, and tax aspects that need considering
• Supporting the non-financial needs and interests for clients

Chair's closing
5:10 pm