The taxation of non-domiciled individuals in the UK is changing.
The non-dom regime as we know it will end from 6 April 2025 and, together with it, the concept of domicile and the complex remittance basis rules. This will leave non-doms and international individuals facing a period of unprecedented uncertainty and change.
Whether you are about to arrive in the UK, have been here for a few years or have been in the UK for a long time, advice should be taken to understand how you are affected by these proposals. Whilst some transitional rules have been proposed, you may want to consider whether you should be taking any action between now and April 2025.
So, if you are affected, what do you need to know now to understand the potential impact on you? We’ve broken down the headline details, how the changes might affect you and the information you need now to seek advice. Select your persona below for the details most relevant for you:
If you would like more details on the proposed changes, please see our earlier blog: Labour responds to the Government’s proposed Non-Dom.
It is important to note that this information is based on our understanding of proposals announced in March 2024 by the previous government and they may be revised by the new government. Please get up-to-date advice before taking any action.
Please do not hesitate to contact us, or your usual KPMG in the UK contact, to discuss the reforms in further detail.
