Michael Edwards

1 month ago | moneymarketing.co.uk | Michael Edwards |Kimberley Dondo |Dan Cooper |Salome Asabre

Ever since it was announced in the Autumn Budget that the concept of ‘domicile’ would no longer be a relevant factor in the UK tax system, we have been flooded with news of a mass exodus of Britain’s wealthy non-domiciled residents – those who live in the UK but say their home is abroad. These headlines have, in my view, been greatly exaggerated. That’s not to say I believe no non-domiciled individuals will leave the UK because of the reforms, or that the number that do will be insignificant.