The UK government's recent budget announcement on October 30 introduced significant changes to the taxation of non-domiciled individuals (non-doms) and their offshore structures, marking the most substantial shift in years. This new tax regime, effective until April 5, 2025, requires affected individuals to reassess their financial affairs and consider restructuring to adapt to the new rules. As the new tax year approaches, further clarity and finalized legislation are anticipated, impacting global tax planning strategies.
Originally Published by Crowe UK, on 12 December 2024
Originally Published by Crowe UK, on 12 December 2024
