Chancellor Jeremy Hunt announced the end of the 'non-dom' tax regime in the UK, leading to wealthy non-doms planning to leave Britain. Tax lawyers are receiving numerous calls for guidance. Some non-doms are considering moving assets into the UK at a reduced 12% rate. The reform aims to raise £2.7 billion annually and has sparked interest in investment trends and foreign investments.
How to Handle a CFIUS Review in 2024 https://t.co/0TDp00uhjD #foreigninvestment #investments #finance @gladstonea https://t.co/idSW70m9RV
UK Spring Budget 2024 https://t.co/AsTbaz6Q8N | by @Cadwalader
The U.K. government's decision to reform its 200-year-old "non-dom" tax regime to raise £2.7 billion a year presents a short-term boom for tax lawyers expecting a rush of calls from existing and future clients looking for updated guidance. https://t.co/QuG0dLeSH7
UK Spring Budget 2024 https://t.co/bDMiOP2JEs #budget #tax #UK @Cadwalader https://t.co/FBIVzzbFyR
Change to Non-Domicile Tax Regime Forms Part of UK Spring Budget 2024 https://t.co/XQ6SYVqMjB #tax #UK #budget @proskauer https://t.co/oM5bFAUj1h
During his recent budget speech, chancellor Jeremy Hunt announced the government would bring to an end the 'non-dom' tax regime. Stephen Pallister and Hannah Hughes, partners at Wiggins Osborne Fullerlove, outline the impact of the recent budget on the taxation of the income… https://t.co/WDCbJ0gd9i
During his budget speech, chancellor Jeremy Hunt announced the government would bring to an end the 'non-dom' tax regime. Stephen Pallister and Hannah Hughes, partners at Wiggins Osborne Fullerlove, outline the impact of the recent budget on the taxation of the income of…
🌏 The countries welcoming Britain’s spurned non-doms with open arms https://t.co/gjIFg8x2Fa
Who are non-doms, and why is the UK overhauling its system of preferential tax treatment for wealthy foreigners? @AliceKantor explains https://t.co/wvhSxZFBBj https://t.co/vrGUKtVEHs
Rich non-doms ‘dismayed’ by Hunt’s decision to end tax breaks “Nobody expected this from the Tories…We’re going to leave London and move to Switzerland.” But some will rush to move assets *into* the UK at reduced 12% rate. w/ @HarrietAgnew and FT team https://t.co/eHInPr0TQF
Oh wow - I hadn't realised they announced the end of the non dom regime. This is a big deal. For those in the know, is it a real abolition or will there be loopholes left ? @JolyonMaugham maybe ? https://t.co/QXcoy6EN2D
Investing, 2024 📈 https://t.co/skUo8UztYS
2023 Investment Trends and 2024 Outlook https://t.co/18GdVPJjs5 #investments #finance #investmenttrends @GT_Law https://t.co/vYooOjBe72
"Tax lawyers have been inundated with phone calls from non-doms planning to leave Britain after Jeremy Hunt announced a crackdown in the Budget" https://t.co/AM38HPEcGz
Spring Budget 2024 https://t.co/EjNubF9nYv | by @bclplaw
✍️ 'The abolition and replacement of non-dom status is a worthless offer in terms of inducing such people to settle and run businesses', writes Patrick Minford Read more👇 https://t.co/FAzeOfy9L6 https://t.co/U2OAgfKWli
🖋️ "The abolition and replacement of non-dom status is a worthless offer in terms of inducing such people to settle and run businesses" | Writes Patrick Minford Read the full comment below ⬇️ https://t.co/FAzeOfy9L6 https://t.co/jCRn61vfUE