Expats and non-doms to be 'hit hard' by tax changes

Tax partner at the firm, Nigel May, said ‘non-doms' who have lived in the UK for 15 of the past 20 years will be deemed UK residents for all tax purposes from the start of the 2017 financial year on 6 April. This was irrespective of when in the 20 years they came to the UK, he said.   The new rules also will also mean non-doms will be subject to Inheritance Tax (IHT) earlier, which is currently triggered after 17 years of living in the UK. Meanwhile, UK taxpayers leaving the country will only lose their resident tax status after having lived outside the UK for up to six years, goin...