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Mishcon Private: Non-Dom Hub

Countdown to non-dom changes at 11.59pm on 5 April 2025

On 6 March 2024, the then Chancellor, Jeremy Hunt, announced substantial changes to the tax regime for UK-resident, non-UK domiciled individuals ("non-doms"). Following Labour's election win, the current Chancellor, Rachel Reeves, confirmed that the non-dom regime change that the Conservatives put forward would be adopted, with some modifications, by the new government. The changes are significant, particularly for internationally mobile people.

Our dedicated hub will provide ongoing updates and insights to clarify the implications of the upcoming changes for our clients and give our thoughts on what steps they might consider if impacted. We will explore how the new proposals may affect individuals currently living in the UK, those considering relocation to or investment in the UK, and those who are from the UK originally but currently live elsewhere.

The tax issues our clients face are complex and varied. However, the focus for all our clients remains the same: safeguarding the best interests of their families and philanthropic endeavours. We will work with our clients to navigate the new rules and provide bespoke and tailored solutions.

Video

A new tax landscape for non UK domiciled individuals

8 Nov 2024

News

Autumn Budget 2024

30 Oct 2024

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What do the UK's upcoming non-dom changes mean for US persons?

The UK has long been an attractive option for international individuals, whether they are drawn by its business opportunities, schools, security, lifestyle or a combination of all these factors. The sweeping changes to the UK taxation of non-doms announced on 6 March 2024 may have some wondering whether it remains such a desirable option.

Labour's non-dom proposals

Labour's shadow Chancellor Rachel Reeves announced on 9th April her party's plans to close perceived loopholes in the Government's proposal to abolish the current tax regime for non-doms.

Non-dom no more? What do the Spring Budget's announcements mean for the UK taxation of non-UK domiciliaries?

The Spring Budget 2024 announcements propose huge changes to the taxation of non-UK domiciled individuals (or "non-doms") living in the UK. Labour have long been proposing to reform the current regime.

Non-doms no more?

Partner Andrew Goldstone gives a short update on the Government's proposed changes and what this means for the UK's taxation of non-UK domiciliaries.

Tax Aware: abolition of the UK's non-dom regime

Watch our discussion on the impact of the proposed changes, where we discuss how the proposals could affect those based in the UK, those looking to move to, or invest in, the UK, and those who are from the UK originally but reside elsewhere.

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Mishcon Private: Non-Dom Hub

Latest Non-Dom updates