- Applies to Swiss assets only
- Regularisation of untaxed assets by levying a one-off payment (the historic charge) which will range from 19% to 34% of the capital balance (in most cases the higher of 31 December 2010 or 31 December 2012). Opt out option for non-UK domicile individuals
- Introduction of a withholding tax on future income and capital gains:
- 48% on interest and other income
- 40% on dividend income
- 27% on capital gains
For non-UK domiciled individuals, only applies to UK source income/gains and remittances.