Non-dom reform proposals good for UK economy

Commenting on proposals, Wendy Walton, chairman of STEP’s Technical Committee, said: “The exemption on the taxation of remittances for non-doms for commercial investment into the UK will encourage investment into the UK.  The exemption is widely drafted and allows investment into trading companies.” Included in Government proposals are that commercial investment exemption will apply to remittances to the UK for investment into trading companies.  This will include investment in companies developing or letting commercial property. The Government are still open-minded as to whether inv...