Non Dom Changes
The UK treatment of UK resident non-doms (RNDs) and non-doms owning UK residential real estate is changing based on Finance Bill (No 2) 2017 and Finance Bill 2018. Non-doms resident for 15+ out of 20 preceding tax years will be deemed to be UK domiciled for all tax purposes.
A donor-advised fund could be a valuable tool when restructuring offshore assets.
Once 'mixed funds' have been separated, 'tainted funds' could be used to fund a donor-advised fund for charitable giving.
If you have UK tax-inefficient investments (e.g. US mutual funds), these investments could be contributed to a donor-advised fund for charitable giving without realising any gains.
A donor-advised fund can be the beneficiary of your bequest for inheritance tax purposes.
An offshore trust could make distributions to a donor-advised fund for charitable giving.
Settlors of offshore trusts can gift non-reporting funds.
NPT-UK is a charity and does not provide legal or tax advice. Donors should consult with their tax and legal advisors before making a charitable contribution.