The Houses of Parliament at dusk from across the River Thames. “A missed opportunity”: what the Spring Budget means for private clients—eprivateclient

“A missed opportunity”: what the Spring Budget means for private clients—eprivateclient

Russell-Cooke private client partner
James Cook
1 min Read

Russell-Cooke private client partner has been quoted in an article from eprivateclient which delves into the tax reforms outlined in the Chancellor’s Spring Budget. Rebecca comments on the abolition of the ‘non-dom’ regime, arguing that maintaining the current treatment of non-UK assets settled by a non-domiciled settlor before 6 March 2025 will mitigate the impact for certain families.

This may result in more families with overseas interests looking at moving assets into trust before the planned implementation date.
Russell-Cooke partner

The full article can be read online at eprivateclient, by subscription only. 

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Briefings Private client Spring Budget Spring Budget 2024 tax reforms the Chancellor’s Spring Budget eprivateclient the ‘non-dom’ regime non-domiciled moving assets into trust