Wealthy Rush to Leave Taking Billions from UK With Them
2 years ago 81
Wealthy non-doms are rushing to leave the UK before April thanks to Reeves’ new measures, say tax advisers. Taking their £118 million of investment each with them…
Lawyer Philip Munro from Withers says the budget has “crystallised” decisions to leave after Reeves confirmed the 15-year-old regime will be scrapped, instead imposing IHT on people’s UK assets for their first 10 years of residence.[…] Read the rest