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Government policy on non-dom status

03 September 2019 / Mark Davies
Issue: 4710 / Categories: Comment & Analysis
Non-dom dilemmas

Key points

  • Changes to the UK tax regime for non-domiciles from April 2017.
  • Were the tax advantages enough to outweigh extra potential liabilities?
  • Substantial reduction in those claiming non-dom status between 2014-15 and 2017-18.
  • For tier 1 investor visa applicants the investment requirement doubled in November 2014.
  • Were government hopes for increased non-dom tax yield in vain?
  • Clean capital is needed to fund an international lifestyle.

In July 2015 the then chancellor George Osborne set about making the remittance basis ‘fairer’ for UK taxpayers (translation: collect more tax from wealthy foreign people) and set his sights on some of the privileges enjoyed by foreign domiciliaries or ‘non-doms’.

He announced that non-doms could no longer claim non-domicile status permanently. He used the word ‘permanently’ but I think that he meant ‘indefinitely’ because someone who resides in the UK with the intention of living there permanently has arguably acquired a domicile of...

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