Britain Counts the Mounting Cost of Taxing Wealthy ‘Non-Doms’

UK Business Exodus Spikes After Non-Dom Status Abolished

Pro-tax campaigners have argued that reports of a “millionaire exodus” are overstated. Not so… Bloomberg has analysed five million company filings. Recent months have seen a huge spike in departures of business leaders. Over 4,400 have shifted overseas in the last year… There were only 74,000 non-doms as at the formal abolition of the tax status.[…] Read the rest

Britain Counts the Mounting Cost of Taxing Wealthy ‘Non-Doms’

The UK government says ending special tax privileges for the rich will bring in billions — but a growing exodus is putting those claims to the test.

The right-wing press is wrong: Facts prove there is no exodus of millionaires from the UK over tax policies

Over the last few months, we’ve seen consistent reporting from the right-wing press as well as claims made by right-wing MPs that there is an exodus of millionaires from the UK due to its tax policies. Indeed, the moral panic whipped up by the right-wing press, has seen Reform’s Nigel Farage also claim yesterday that there was an exodus of millionaires from the UK, which he used as an excuse to rule out further wealth taxes should Reform come to…

Using Trusts in a Post-Non-Dom World: Are They Still Worth It?

The UK government’s recent announcement to abolish the long-standing non-domicile (“non-dom”) tax regime from April 2025 has sent ripples through the tax and wealth planning landscape. For decades, UK-resident but non-domiciled individuals have relied on trusts to shield offshore wealth from UK taxation under the remittance basis. Now, with the regime’s sunset approaching, one question looms large: Are trusts still worth it in a post-non-dom wor…