- The government has published a call for evidence to review personal tax offshore anti-avoidance legislation, including the transfer of assets abroad and settlements legislation, to “modernise the rules and ensure they are fit for purpose”.
- Timing: It is anticipated that any transfer of assets abroad or settlements legislation changes will be implemented from the 2026/27 tax year at the earliest and the call for evidence related to this closed on 19 February 2025. Responses to the call for evidence will be used to inform a formal consultation in 2025.
Resources (click to open)
- Open call for evidence: Offshore Anti-Avoidance legislation (HMRC consultation, closed 19 February 2025)
