How non-dom clients will be affected by UK tax changes
GSB’s Mauro De Santis Bo argues proposed reforms present a ‘complex challenge’
Non Doms
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Spring Budget 2024: Non-dom tax replaced with ‘modern residency system’
Change estimated to bring in £2.7bn each year
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UK financial services group buys tax advice firm
In a bid to bolster its offering for UK-resident non-doms
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Tax paid by non-doms rises 8% in 12 months
With an average individual paying £123,000 in the past year
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UK non-doms drop 11%
Changes to the regime ‘could have a significant long-term impact’ to the British economy
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Could the UK shutter its non-dom regime?
Chancellor has asked the Treasury to review the impact of scrapping the tax status
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Ex-Arlo and DeVere trio set up UK advice business
Company will also be offering repatriation services for clients looking to return to Britain
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What is the future of the UK non-dom status?
Labour Party is likely to change the rules if it wins the next general election
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HMRC sends ‘nudge’ letters to non-doms over unpaid tax
It believes some might have failed to declare and pay an annual levy called ‘remittance basis charge’
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Non-doms urged to check stamp duty tax relief
As current rates will change in the 2021/22 financial year
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Surge in high net worth Gulf nationals in the UK
Population hit a five-year high with a 28% rise since 2014
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Trust us – take tax advice
It might appear expensive but the tax savings can exceed the cost of the advice and other fees