Government updates on non-dom tax plans

Labour looks to remove ‘outdated’ concept of tax domicile status

Jen Frost
clock • 3 min read

The government is set to bring in a residence-based tax regime as it looks to remove the “outdated” concept of domicile status, as per a policy summary published on Wednesday (31 July).

"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 ...

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