Robert states, ‘It’s reassuring to see that they are at last responding to the concerns of the many people who are affected by this, but I don’t think this is going to be enough to stem the tide. It’s helpful but the inheritance tax exposure is the biggest nail in the coffin. Experts argue that while the reforms are a step in the right direction, they may not be enough to prevent wealthy individuals from leaving the UK. The government has assured that these changes will not affect double-taxation agreements with other countries.
Both articles have been linked with kind permission.
FT: https://www.ft.com/content/d0799d9b-a6fe-4c24-a0a1-f9c9df428269
Sky News: https://skynews.icu/top-stories/778034-rachel-reeves-to-soften-uk-non-dom-tax-reforms/
For further advice on Private Client law, email Robert or telephone on 0207 465 4300.
