Nicola Thorpe comments in The Telegraph on the importance of certainty for non-doms considering moving to the UK
min readOn April 6 2025, the UK abolished the "non-dom" status and the remittance basis of taxation and replaced it with a new residence-based regime.
The tax change arguably accelerated departures of high-net worth non-doms, despite many having strong emotional and personal ties to the UK. Many wealthy individuals considered options outside of the UK, with countries such as Switzerland and Italy appearing as front-runners with more predictable and attractive tax regimes.
Public finances are very dependent on the highest earners and there is a realisation that the UK needs to improve its reputation for stability in order to draw more non-doms to the UK.
The Telegraph points to a need for a government-led cultural and PR reset: making high earners feel valued and showcasing the benefits of investing in the UK, which could help mitigate departures and encourage returns.
Nicola Thorpe, Partner and Head of Group for our International Private Client team, comments in The Telegraph:
Certainty is as important as tax. That will be extremely important to anyone who would think about moving to the UK.
Read the full article in The Telegraph here (subscription required).
