For those who may be affected, the recent changes to the UK tax regime for resident non-domiciled individuals (RNDs) are significant. The announcements in the March Spring Budget and the new Labour Government’s proposals have created a pressing need for immediate and strategic planning.
The Labour Party’s proposal to modify non-dom status, including a potential four-year grace period for new non-doms and a projected decrease in revenue generation, has introduced more questions than answers.
