CIOT and IFS Online Debate: How should non-doms be taxed?
Wednesday 29 November 2023 | 10:00 - 11:30 Location: Online
Non-doms are entitled to claim the ‘remittance basis’ of taxation. In short, this means that any income from assets held abroad is only taxed in the UK if it is remitted to the UK. Foreign assets are exempt from UK inheritance tax. The Labour Party has stated its intention to ‘abolish non-dom tax status’ and introduce a shorter-term scheme for temporary residents.
What are the problems with how non-doms are currently taxed? Should the current regime be scrapped and, if so, what should replace it? When and how should the foreign income of people who are temporarily in the UK be taxed? Does the UK need tax benefits for new arrivals to be competitive with other countries?
Join our panel of experts at our next debate online, on Wednesday 29 November 2023 for discussion of these crucial and topical questions.
Arun Advani, Associate Professor, University of Warwick
Emma Chamberlain, Barrister, Pump Court Tax Chambers and Joint Chair of CIOT’s Private Client (International) Committee
Nimesh Shah, CEO, Blick Rothenberg
Jane Page, Tax Advisor, Kirk Rice; formally HM Treasury Policy Advisor
The event will be chaired by Helen Miller, Deputy Director at the Institute For Fiscal Studies.
This event will be live streamed and you will be able to ask questions and make comments via Slido. A recording will be made available.
You can register for the event by clicking on the registration button below.
We hope you will be able to join us at this event!
If you have any questions regarding the debate or require assistance, please contact firstname.lastname@example.org