UK expects bigger non-dom tax take despite billionaire exits

7. Non-Doms, Offshore and Temporary Non-Residence – Why It Still Matters - MDH Accountants

The end of easy offshore planning The Budget continues to clamp down on non-dom and offshore planning, including: Tightening the residence-based regime Capping IHT benefits for some excluded property trusts Making dividends received during temporary non-residence fully taxable when you return If you’re a UK business owner who has spent time abroad, or plans to, […] The post 7. Non-Doms, Offshore and Temporary Non-Residence – Why It Still Matters…

Trade secretary Peter Kyle concedes flurry of exit by millionaires ‘worrying’

BUSINESS and trade secretary, Peter Kyle, on Monday (24) ad­mitted he was worried over news that some of the country’s super-rich, including Indian bil­lionaire steel tycoon Lakshmi N Mittal, are leaving the UK as a re­sult of tax rises. Kyle was asked by Sky News about a media report last week­end, which revealed that Mittal’s tax residency has shifted to Swit­zerland, and that the industrial­ist plans to relocate to Dubai amid a growing tax bu…

UK expects bigger non-dom tax take despite billionaire exits

Meantime, other nations, such as Italy and Greece, have lured some of Britain’s globally mobile population