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December 15, 2016

Big changes for non-doms

In July 2015, the then Chancellor, George Osborne, presented a special Summer Budget, his first without coalition partners.

In July 2015, the then Chancellor, George Osborne, presented a special Summer Budget, his first without coalition partners. However, one of the important measures announced at that time was the abolition of non-domicile status. The government first declared its intention to legislate such that, from April 2017, any person who has been resident in the UK for more than 15 of the previous 20 years will be deemed to be domiciled in the UK for tax purposes.