10 implications of the UK General Election result for non-doms
13 May 15
The Conservative Party’s surprise majority victory in the UK General Election will allow the new government to press ahead with its promise to make greater efforts to counter tax avoidance and evasion. Here are 10 points that highlight what this means for those claiming non-domicile tax status.
9. End to inheriting non-dom status
It is likely that there is an ongoing government consultation on how people claim non-dom status, including people who inherit non-dom status from their father, while still being born in the UK. But this is a double edged sword – yes you do end up with some non-doms in the UK, but the reverse is true that UK non-doms with UK fathers find it difficult to shed their domicile of origin, even if they go abroad.
Tags: Non Doms | Tax Avoidance
