Lord Ashcroft - tax domicile, the latest instalment (or the wisdom of seeking advice early)

I am pleased to see that Lord Ashcroft follows the advice in Tax Plus blog – readers of my post of 13 July may recall that I mentioned then that careful planning could avoid the worst impacts of a change of tax domicile. The BBC today reports that this is precisely what was done. 

Without expressing an opinion on Lord Ashcroft’s actions, it is clear that the key to successful tax planning is forward planning and we would encourage anyone anticipating a change in circumstances to seek advice sooner rather than later.

Lisa Spearman is a partner at Mercer & Hole. If you would like to discuss the contents of this post with Lisa you can call her on 020 7353 1597.

Source: http://feeds.lexblog.com/~r/MercerHole/TaxPlusBlog/~3/joRgt92plMo/

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