The future of non-doms
It was in the July of 2015 when the UK's new Government announced in a surprise Summer Budget that it would be bringing 'an end to non-doms' with fundamental changes to the way UK resident non-domiciled individuals will be taxed. There has since been various consultation phases and policy papers to provide guidance on the proposed change, and much informal debate.
There was a final publication of the new rules at the end of 2016 along with the draft finance bill, providing greater clarity on the much anticipated legislation. There have since been further announcements from the Government and we continue to follow these developments and the impacts they are having. Whilst the changes to the rules mean significant restrictions on the ability for non-doms to benefit from a preferential tax rate, they do also provide other opportunities for effective planning.
Latest non-doms updates
- Full steam ahead for non-dom tax reforms
- A more taxing world for UK property loans
- New UK non-dom tax changes in April 2017 - last chance to act
- Italy: a new non-dom system for HNWIs
We will continue to update this page with further news and analysis as developments take place, so please check in again for new information.
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