Bloomberg quotes Piers Master on the impact a potential labour government could have on UHNWs across the UK
min readIn anticipation of a Labour victory at the general election, many non-doms are weighing up their tax-planning options
Some advisers are helping their HNW clients to draw up what are being called ‘fire escape plans’: emergency exit preparations that provide internationally mobile HNWs with new options concerning citizenship and residency, which come with access to other, more attractive tax regimes.
Piers Master, Partner and advisor to many UHNWs, says:
We are at a stage of planning instead of action. The question is when we will move to action.
Read the full article in Bloomberg here (subscription required).
Piers also comments on the same topic for Spear’s. Read full article here.
