https://www.theguardian.com/politics/2024/apr/13/uk-non-doms-uk-labour-tax-plans
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People are jumping on planes right now and leaving,” said Nimesh Shah, the chief executive of Blick Rothenberg, an accountancy firm that specialises in advising very rich “non-doms” on their tax affairs. “I am not being dramatic, they are leaving right now.”
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Miles Dean, a partner and head of international tax at the tax advisory firm Andersen, said his advice to clients was simple: “If you can leave within six months, make plans to leave now. The UK is no longer safe as a tax environment.”
Some of his clients, however, are not prepared to wait that long. “I spoke to two clients yesterday: one elder chap who is moving to Dubai, and another 40-year-old entrepreneur who sold a business a few years back and who is moving next month to Spain under the Beckham’s law regime,” he said.
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You can't make it up. There is no way non-dom millionaires and billionaires are gonna pay UK high taxes when there are more attractive places to live and with better weather...lol. Screw putting your money in an offshore trust as Labour will close that loophole plus UK already has extensive rules preventing offshore trusts being used for tax avoidance....why take the risk?
--- quote start
People are jumping on planes right now and leaving,” said Nimesh Shah, the chief executive of Blick Rothenberg, an accountancy firm that specialises in advising very rich “non-doms” on their tax affairs. “I am not being dramatic, they are leaving right now.”
.
.
.
Miles Dean, a partner and head of international tax at the tax advisory firm Andersen, said his advice to clients was simple: “If you can leave within six months, make plans to leave now. The UK is no longer safe as a tax environment.”
Some of his clients, however, are not prepared to wait that long. “I spoke to two clients yesterday: one elder chap who is moving to Dubai, and another 40-year-old entrepreneur who sold a business a few years back and who is moving next month to Spain under the Beckham’s law regime,” he said.
--- quote end
You can't make it up. There is no way non-dom millionaires and billionaires are gonna pay UK high taxes when there are more attractive places to live and with better weather...lol. Screw putting your money in an offshore trust as Labour will close that loophole plus UK already has extensive rules preventing offshore trusts being used for tax avoidance....why take the risk?