Tory donor Lord Ashcroft forfeits non-dom tax status

The Constitutional Reform and Governance Act, which passed through Parliament earlier this year, requires peers and MPs to be tax resident and domiciled in order to remain in Parliament. Lord Ashcroft, the Tories' biggest donor, revealed in March he was a non-dom, thereby avoiding the need to pay UK taxes on most of his overseas earnings. Five peers are known to have quit their Lords seats to keep non-dom status. The latest is the architect, Lord Forster, who was ennobled in 1999 and spends most of the year in Switzerland. The others are Conservatives Lord Bagri, Lord McAlpine and ...