This part of the topic index contains resources on residence and domicile, coming to and leaving the UK and holiday homes abroad. Please select the resource that you require by clicking on the relevant tab below.
This article considers the potential tax implications of investment in Australia using two hypothetical case studies, one involving a foreign resident located in a country with which Australia has a tax treaty, the other a foreign resident in a low-tax non-treaty jurisdiction. It considers the treatment of income from direct investment received through dividends, interest on government bonds, investment in the units of a managed investment trust, and capital gains tax (CGT) treatment of investments held by the individual on capital account. It also considers the tax treatment of income received through using a trust or company. This article is part of the Private Client multi-jurisdictional guide. For a full list of jurisdictional Private Client Q&As visit www.practicallaw.com/privateclient-mjg
This chapter considers the reasons surrounding the increase in single family offices in Switzerland. It focuses on the advantageous conditions for establishing family offices in Switzerland and outlines the tax system. It also considers the possible configurations for single family offices, including a classic single family office, an advisory company or a family holding. This article is part of the PLC Private Client multi-jurisdictional guide. For a full list of jurisdictional Private Client Q&As visit www.practicallaw.com/privateclient-mjg
France is in the process of changing its tax landscape and now faces the tax reforms promised by President Hollande in his 2012 presidential election campaign. There is an increasing atmosphere of tax insecurity and on 28 September 2012 the new draft of the 2013 Finance Bill was released to practitioners and tax payers. The Finance Bill was finally adopted on 20 December 2012. It gave rise to a decision of the Constitutional Council which struck down numerous of its provisions including the 75% millionaire tax. The third amended Finance Bill for 2012 was adopted on 19 December 2012 and was also reviewed by the CC. While seeking to reduce the state deficit to 3% (the level required for Eurozone members), the Government must find approximately EUR30 billion of savings or additional income. Two thirds of this targeted amount will come from tax increases, of which EUR10 billion will be aimed at individual taxpayers (according to the Government, more specifically the wealthiest of those). Only a third of this amount will be derived from spending cuts. At the time of writing, reactions to the decisions of the CC remain to be proposed by the government and voted for by Parliament. Against this background, this article describes the main tax changes from 2012 and methods on how to prepare and respond to the tax increases. This article is is part of the PLC Private Client multi-jurisdictional guide. For a full list of jurisdictional Private Client Q&As visit www.practicalla