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Packed & ready to leave?

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UK competitiveness on the world stage. Rosie Todd & Kerry Garcia assess the post-non-dom regime
  • Looks at the impact of the 6 April tax overhaul on the UK’s attractiveness to the globally wealthy.
  • Outlines potential UK tax and immigration reforms to improve the UK’s competitiveness on the global stage.

With the headlines full of doom and gloom about the economic outlook, the government has a seemingly herculean task ahead of them to make the UK an attractive place for the globally wealthy. There are, undisputedly, some pull factors for those making the move here. However, certain changes to the immigration rules and processes and a more advantageous tax regime would certainly improve matters, thus preventing a potential exodus of wealthy families to other countries.

What used to be

From a tax perspective, the rules applying to non-UK domiciled individuals (the non-dom regime) had, and will continue to have (until 5 April 2025), a number of benefits. In broad terms, non-doms could keep their non-UK income and gains out of the UK tax net provided

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MOVERS & SHAKERS

Jurit LLP—Caroline Williams

Jurit LLP—Caroline Williams

Private wealth and tax team welcomes cross-border specialist as consultant

Freeths—Michelle Kirkland Elias

Freeths—Michelle Kirkland Elias

International hospitality and leisure specialist joins corporate team as partner

Flint Bishop—Deborah Niven

Flint Bishop—Deborah Niven

Firm appoints head of intellectual property to drive northern growth

NEWS
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The government’s plan to curb jury trials has sparked ‘jury furore’. Writing in NLJ this week, David Locke, partner at Hill Dickinson, says the rationale is ‘grossly inadequate’
A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
After Woodcock confirmed no general duty to warn, debate turns to the criminal law. Writing in NLJ this week, Charles Davey of The Barrister Group urges revival of misprision or a modern equivalent
Family courts are tightening control of expert evidence. Writing in NLJ this week, Dr Chris Pamplin says there is ‘no automatic right’ to call experts; attendance must be ‘necessary in the interests of justice’ under FPR Pt 25
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