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Special Episode: Navigating the 2024 UK Budget – Impact on Non-Dom Tax Changes
Manage episode 447860971 series 3612206
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In this special episode, we unpack the major reforms in the UK’s 2024 budget targeting the non-domicile tax regime. With new measures like the removal of the offshore trust loophole, global inheritance tax, and increased stamp duty on second homes, the UK aims to boost tax contributions from wealthy foreign nationals. We explore how these changes could affect the property market, investment strategies, and possibly prompt relocations among non-doms. Join us as we discuss the uncertainties and potential impacts of a proposed "residence-based" tax system.
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Originally created to keep our team at Longrad sharp and informed, we’re now sharing these insights with the wider community — offering you a fast, comprehensive London property update on the go.
About Longrad:
Founded in 2005, Longrad is an independent consulting agency specializing in the individual selection of prime residential and commercial real estate. With over 19 years of experience in the luxury real estate market, our team of qualified professionals knows London’s property landscape like the back of their hand.
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