Tax advantages gifted to non-domiciled individuals are being blamed
for rocketing house prices at the bottom end of the market.
Non-doms are indulged by the British
tax system as they only pay tax on earnings made in the UK, while their offshore
operations are exempted from levies.
The offshore trusts used by non-doms are also utilised to pay far less stamp
duty, leading to a boom last year that caused an overall rise in prices across
A study by the estate agent group Savills showed that 68% of homes worth a
minimum of £5m were snapped up by foreign buyers last year.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy