The UK government’s new regime to attract wealthy foreigners is too short-term and risks turning London into “a bigger version of the Bahamas”, non-doms and their advisers have warned.
Chancellor Rachel Reeves confirmed in her Budget last week the abolition of the non-dom regime, which allows UK tax residents whose permanent home or “domicile” is overseas to avoid paying British tax on their foreign income or capital gains for 15 years.
It will be replaced from April 6 2025 by a four-year residence-based scheme, which Reeves said would provide “internationally competitive arrangements for people coming to the UK on a temporary basis”.
您已阅读13%（641字），剩余87%（4176字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。