What does non-dom mean and how are the rules changing?
Source: BBC
Labour revealed plans to scrap the non-dom regime in April 2022.Former Conservative chancellor Jeremy Hunt then announced in the March 2024 Budget that the non-dom tax regime would be phased out.According to Mr Hunt's plans, people who move to the UK from April 2025 will not have to pay tax on money they earn overseas for the first four years.After that period, if they continue to live in the UK, they will pay…
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