The UK Non-Dom changes post 5 April 2025: Practical matters

Kelly Greig and Roger Holman are hosting a presentation on practical matters for offshore Trustees to consider following the abolishment of the UK non-dom regime from 6 April 2025. The session is primarily focused on the practical considerations for Trustees, although there will be some coverage of technical matters as well.

This session will cover:

• Brief outline of the key changes concerning offshore trusts
• Is it too late, or are there any quick fixes that Trustees can/should consider before 6 April 2025?
• UK IHT exposure for Trustees – where is the Settlor, multiple IHT dates, enforceability by UK authorities
• Keeping track of the Settlor, and the “tail” period
• Dealing with liquidity issues, change in investment strategy
• Gift with reservation – pre and post 30 October settlements and additions
• Accounting matters
• Consideration for Settlors and Beneficiaries, UK anti-avoidance, and possible solutions