Non-Dom numbers in UK drop but exodus on hold amid Covid-19 uncertainty - International Investment and ePrivateClient

Non-Dom numbers in the UK may be dropping but an expected exodus is on hold as many 'wait and see', according to private client specialist Rebecca Fisher.

"Those wanting to relocate because of the deemed domicile tax changes will have largely done so, and those that remain are likely taking a wait and see approach as the UK's future direction crystallises," she says.

"It remains to be seen what the long term outlook is for non-doms but almost certainly recent events and unprecedented [UK] government spending will require funding."

Russell-Cooke partner comments in International Investment on the recent non-dom statistics released by HMRC and the impact of the uncertainty caused by a General Election, Brexit and the COVID-19 pandemic.

Non-Dom numbers in UK drop but exodus on hold amid covid-19 uncertainty is available to read for free on the International Investment website. Russell-Cooke partner's comments were also published in ePrivateClient and are available to read for free online. 

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