2017 has been a year of uncertainty and frustration for non-domiciled individuals and their advisors, in light of the snap election and a new parliamentary timetable. Proposals were scrapped, reversed or postponed, resulting in a whirlwind of changes taking effect retrospectively from 6 April 2017. The tax burden for non-doms is set to continue in 2018, with a further tightening up of the anti-avoidance rules on offshore trusts. Property investors continued to be targeted in 2017, with new mortgage interest relief restrictions and the announcement of radical changes to the CGT treatment of commercial property. The year also saw further moves to transparency, with tough penalties for non-compliance.
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