UK Non-dom art collectors hit with new taxes

THE ART NEWSPAPER | Georgina Adam:

Even works held and sold abroad could be liable for UK tax. UK-based art collectors should be looking carefully at new tax rules that came into force on 6 April. The rules, which have largely gone unnoticed except by tax specialists, apply to resident non-domiciled individuals who have lived in the UK for a long time but have a permanent home elsewhere…read more

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