Update on the abolition of the non-domiciled regime

Update on the abolition of the non-domiciled regime

Back in March 2024, the Conservative Government announced sweeping changes and the removal of the current tax treatment for non-domiciled individuals in the UK.  Following the Labour Government Budget in the Autumn of 2024 and subsequent legislation issued earlier this year, further detail has been confirmed. New Arrivals: From 6 April 2025, a new 4-year Foreign Income and Gains (FIG) regime will be introduced.  As previously advised, this will…