US EditionUpdate on the abolition of the non-domiciled regime
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Update on the abolition of the non-domiciled regime
Back in March 2024, the Conservative Government announced sweeping changes and the removal of the current tax treatment for non-domiciled individuals in the UK. Following the Labour Government Budget in the Autumn of 2024 and subsequent legislation issued earlier this year, further detail has been confirmed. New Arrivals: From 6 April 2025, a new 4-year Foreign Income and Gains (FIG) regime will be introduced. As previously advised, this will…
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