Migration: United Kingdom: A handbook on the taxation, exchange control and legal implications of coming to, investing in and leaving the United Kingdom

by P. Kiers

Overview

The law and practice in this work is that at 10th] anuary 1978. To complete this work in Autumn 1977, as originally intended, was impossible. Principally, this has been due to the changes in the Finance Act 1977, the various mini budgets and the exchange control changes, many of which are relevant to the subject matter of this work. Gratitude is expressed to the publishers for their patience. The Revenue has just revised its useful practice notes, IR 25 1977, dealing with the taxation of foreign earnings. The new IR 25 1977 modifies only slightly the IR 25 in Appen­ dix4. It will be appreciated that in this work it is impossible to provide for exhaustive treatment of all the taxes. Complexity in some places has been set aside for simplicity and clarity. Any such selectivity consisting of various emphases and omissions rests solely on fallible judgment. It is hoped that some light nevertheless is cast on the basic facets relevant to migrants. Too often these facets are not dealt with appropriately, dealt with separately without any co-ordination or submerged in a plethora of exotic detail of interest to academics and theoreticians only. Further reading is suggested in the Bibliography. Many thanks for assistance, constructive suggestions and encouragement are due (in no particular order) to Dr. J. Barry Bracewell-Milnes of Erasmus University Rotterdam, Dr. Nico Nobel of Nobel & Van WierstBV, Dr. Albert Radler, Edode V ries of Gray's Inn and] eremy Lamb of Comprehensive Financial Services.

Product Details

ISBN-13:	9789020005141
Publisher:	Springer Netherlands
Publication date:	01/01/1978
Edition description:	Softcover reprint of the original 1st ed. 1978
Pages:	197
Product dimensions:	6.69(w) x 9.61(h) x 0.02(d)

Table of Contents

Section I. Introduction.- Section II. Domicil and Residence.- Section III. Income Tax — Outlines.- Section IV. Income Tax — Foreign Elements.- Section V. Special Situations.- Section VI. Capital Transfer Tax (‘CTT’).- Section VII. Capital Gains Tax (‘CGT’).- Section VIII. UK Exchange Control (‘EC’).- Section IX. Corporation Tax.- Section X. Miscellaneous.- Section XI. Tax Planning for Migrants — Check Lists.- Appendix 1.- A. Legislation.- ICTA 1970 s.27.- s.49.- s.50.- s.51.- FA 1973 s.38.- Domicile and Matrimonial Proceedings Act 1973 ss.1,3 and 4.- B. Revenue Practice.- IR 20 extracts therefrom.- C. Extra-Statutory Concessions.- Appendix 2.- A. Domicil Questionnaire.- B. Form P.86 (to be completed on arrival in the UK).- C. Form P. 85. Income Tax Repayment Claim Form.- Appendix 3.- Income Tax.- A. ICTA 1970.- s.108.- s.122.- s.181.- s.182.- s.183.- s.184.- B. Extract from ‘Tax Return Guide 1977–’78.- C. Summary of Conditions for Approval of Pension Schemes.- Appendix 4.- Foreign Elements.- A. IR Diagram.- B. Principal Extracts of IR 25.- Appendix 5.- Capital Transfer Tax.- A. Legislation.- F (no. 1) A 1975 s.24.- s.45.- s.46.- Schedule 5 para 2.- para 4.- Schedule 7 para 3.- FA 1977 s.49.- F (no. 1) A 1975 s.45 (1) (b) table.- B. CTT Rates.- Appendix 6.- Capital Gains Tax.- FA 1965 s.20 (extracts).- s.42.- Appendix 7.- Exempt UK Government Sks.- Appendix 8.- Double Tax Agreements.