The most recent available data for the UK non-dom population suggests that the decline in their number has decelerated as new rules enforced a few years ago have become embedded.
The number of non-domiciled UK residents slipped to 78,000 in the 2018/19 financial year from 78,700 a year before, suggesting that uncertainties over Brexit, as well as domestic politics at the time, did not greatly hit this population group.
Rebecca Fisher comments in Wealth Briefing on the significance and potential impact of this recent decline.
UK Non-Dom Population Slips, Tax Payments Rise is free to read on the Wealth Briefing website once registered.
Rebecca is a partner in the private client group advising families and individuals on all aspects of private client law including wills, estate planning, administration of estates, trusts and powers of attorney.
She regularly advises clients including entrepreneurs, business owners and multi-generational family businesses on succession planning, with particular focus on inheritance tax and capital gains tax planning. Rebecca fully understands the unique challenges that family businesses face.