Article 6M1W6 ‘Petrified’ non-doms poised to flee UK over Labour’s tax plans, say experts

‘Petrified’ non-doms poised to flee UK over Labour’s tax plans, say experts

by
Rupert Neate Wealth correspondent
from World news | The Guardian on (#6M1W6)

Prospect of party closing Tory loopholes' if elected prompts some wealthy individuals to explore a move overseas

People are jumping on planes right now and leaving," said Nimesh Shah, the chief executive of Blick Rothenberg, an accountancy firm that specialises in advising very rich non-doms" on their tax affairs. I am not being dramatic, they are leaving right now."

Shah said his clients - some of the richest people in the country - were petrified" of plans to abolish the non-domicile" regime, through which for the past 225 years wealthy people have been able to live in the UK and not pay tax on their overseas income.

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