Gibraltar's longstanding Cat2 and HEPSS regimes are attractive alternatives to non-dom.

Your LinkedIn feed is full right now with people shouting about foreign income exclusion regimes…but Gib really is a great option.

To cut through the detail, we've provided a super snappy overview of the changes relevant to non-doms, and the key reason for non-doms to consider Gibraltar as an alternative. 

As always, for any clarification or for more info, please reach out to one of us, and if you have a little more time, please also take a read of our colleague Selwyn Figueras post here for a more extensive look at the changes and options.

Income & Gains

• Abolition of Remittance Basis
   
• New non-doms will receive 100% relief on foreign income and gains for first 4 years (if haven’t been resident for prior 10 years) 
   
• Current and Past Remittance Basis Users: can repatriate pre-2025 foreign income & gains at reduced rate and can rebase foreign assets to value on 5th April 2017 (subject to specific conditions).

IHT

• If you have been resident for 10 out of last 20 years - global estate in scope for IHT
   
• Assets in trusts will be subject to IHT if settlor satisfies the residence threshold. 
   

Gibraltar as an alternative?

Here's 10 reasons why…

1. No ridiculous bar to entry

2. Reasonable minimum income tax (no CGT, no IHT, no wealth tax)

3. Flexibility on purchase or rental of properties 

4. 3 hour flight from London 

5. Not time limited 

6. Not subject to the whims of EU directives 

7. No requirement to buy bonds or other Government investments 

8. European mainland jurisdiction

9. Excellent Mediterranean lifestyle

10. UK school curriculum

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