Reeves eyes IHT U-turn as non-doms 'plan to leave'

Reeves is exploring a change in her decision to charge IHT on the global assets of non-doms after departures and lobbying by the City of London. The chancellor said in the Autumn Budget that she will abolish the ‘non-doms' regime of preferential tax rules. She said at the time that she will remove the "outdated concept" of domicile from the tax system from April this year. Utmost Wealth Solutions global wealth specialist Marc Acheson said: "Whilst any changes that can make the UK more internationally competitive are welcome, the real challenge now is restoring trust and stability, par...