Non-dom reforms: is it all doom and gloom?

After a long summer of uncertainty and speculation surrounding the so-called ‘non-dom reforms’ the subject was only briefly mentioned in the chancellor’s autumn Budget speech on 30 October 2024. Instead it was left to the Red Book and other documents published on Budget day to reveal the long-awaited details of the proposed changes.

The main headline for non-UK domiciled individuals was the abolition of the remittance basis regime and the introduction of a new foreign income and gains (FIG) regime in its place. This was hardly a surprise since the concept had been initially proposed in March 2024 by the then-government and the idea was all but confirmed by the new government post-election. The autumn Budget clarified the finer details of the regime and transitional reliefs.

This article provides a summary of the key changes taking effect from 6 April 2025 and discusses the expected...