While wealthy foreigners have historically moved in and out of the UK, they are now departing in greater numbers. Non-doms are individuals who live in the UK but are domiciled abroad for tax purposes and pay UK taxes solely on their income earned within the country. Many are leaving or opting not to move to the UK, which is affecting property prices and leading to an increase in high-value private properties being put on the market.
In articles for The Telegraph, MSN UK and Yahoo News, consultant Marilyn McKeever discusses how concerns about Labour’s changes to taxes are causing non-doms to leave the UK.
‘Many non-doms are leaving the UK or have already left. More have a bag by the door and are nervously waiting for the Budget.’
The full articles can be read on The Telegraph, MSN UK and Yahoo News websites.
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