Month: March 2024

Are non-doms’ days numbered?  

The Tories have this week added their voice to the chorus of those indicating a move away from “non-dom” status. A “non-dom” or “non-UK domiciled individual” is someone whose permanent home is outside the UK, typically someone born abroad to parents who were not British, although this is not always the case. The main complaint raised about “non-doms” who live in the UK is that they do not have to pay UK income tax (IT) or capital gains tax (CGT) on the income and capital gains that they make outside the UK – at least until they bring (or “remit”) those income and gains to the UK – this is called the “remittance basis” of taxation.

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