Proposals for amending the FIF rules.

Inland Revenue issued a discussion document today (6 December 2024) which could have a significant impact on the application of the Foreign Investment Fund rules for migrants.

Whilst it is only a discussion document and not new legislation, it signals a clear intention by the government to make some changes to the rules.

The period for feedback is short with feedback sought by 25 January 2025. If you have strong views on the options, you may want to take a few minutes away from the xmas turkey / barbecue and take a look.

The document can be found here.