Government updates on non-dom tax plans

"The government is committed to addressing unfairness in the tax system so that everyone who is long-term resident in the UK pays their taxes here," it was stated in the update. Labour has committed to implement the four-year income and gains (FIG) regime previously announced at the Conservative spring budget but has further committed to tackling further "advantages" that would have remained for non-doms under this change alone. "The government will remove preferential tax treatment based on domicile status for all new foreign income and gains (FIG) that arise from 6 April 2025," the ...