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non-doms

July 10, 2015

UK government proposals to abolish permanent non-domiciled status and reduce the status timeframe to 15 years could lead to “a mass exodus of older money”, a private client lawyer predicts.

UK government proposals to abolish permanent non-domiciled status and reduce the status timeframe to 15 years could lead to “a mass exodus of older money”, a private client lawyer predicts.

Ashley King-Christopher, private wealth and family office partner at Charles Russell Speechlys, said the change to the non-domiciled status was “a surprise that is going to be unhelpful for older money”.

However he added that corporation tax changes could boost the attractiveness of London as a family office centre.

February 12, 2008

The UK government has been accused of bowing to pressure from the ultra high net worth foreigners who live in the UK after it clarified plans to issue a £30,000 annual charge for non-doms.

The UK government has been accused of bowing to pressure from the ultra high net worth foreigners who live in the UK after it clarified plans to issue a £30,000 annual charge for non-doms.

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