Commentaries: UK’s non-dom regime doesn’t deserve attacks
Last week media reports revealed that the wife of UK finance minister, Rishi Sunak, is a non-domiciled resident. Akshata Murty, an Indian citizen, does not have to pay UK tax on income earned abroad. Murty earns money from shares in an Indian software giant founded by her billionaire father. Her spokeswoman said she pays all tax due in the UK.
Lara Mardell, Legal Director at BDB Pitmans comments on the option of non-domicile individuals in the UK to initially use the ‘remittance basis’ of taxation.
Read the full article in Wealth Briefing, here.