Publisher's Synopsis
Following the addition of 24 pages of anti-avoidance legislation to the Finance Act 1991, the capital gains tax advantages of non-resident settlements have been substantially changed. Five charges have been affected: the charge on disposals of settled interest, the emigration charge, the settlor charge, the capital payments charge and the supplementary charge. Dual resident, migrant and transferee settlements are also affected.;This volume highlights the many anomalies present in the 1991 legislation, and illustrates their operations with over 60 examples. The author provides a detailed analysis of the new rules and explains their effects on both pre-and post-Budget day settlements, with tax planning strategies.
