Blick Rothenberg

Non-UK domiciled individuals - secured loan arrangements

05.08.2014

Filed Under: Private Client

On 4 August 2014, HM Revenue & Customs ('HMRC') unexpectedly announced a change to their guidance, which will significantly and immediately impact non-UK domiciled individuals who have taken loans secured against overseas monies/assets and remitted the loan proceeds to the UK. The changes could also impact non-UK domiciled individuals who have offshore trust/company structures where such borrowing has occurred.

Download our publication (to the right) to find out about these changes and the implications they could have.