Abolishing the UK non-dom regime – what are your options in the UK and globally?
We stand with the LGBTQ+ community during Pride, and every day. We asked members of our global LGBTQ+ and allies group what Pride means to them. Check out our Pride page to find out more.
The current page is not available in English (UK) - would you like to go to the UK home page or stay on this page?
The decision from the current UK government to abolish the existing regime and promises made by the opposition to do the same has left many of you with questions and uncertainty. What does the future hold and what actions can you take now?
On 6th March 2024, the UK Government made a surprise announcement that they intend to abolish the 200-some year old non-dom regime and replace it in April 2025 with a radically different regime and set of rules. This will have far reaching consequences, not only for those under the current regime, but in attracting investment into the UK.
Our initial analysis of these announcements can be found here, where we outline the proposals and discuss the transitional arrangements, the impact on protected trusts and the government's intention to move to a 'residence-based regime' for inheritance tax ('IHT').
