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Are they technically leaving if they are "non-domiciled"? That means their official home for tax purposes was never the UK. It also means the tax difference of

Are they technically leaving if they are "non-domiciled"? That means their official home for tax purposes was never the UK. It also means the tax difference of them leaving is near zero surely?

unmole 1y ago
> That means their official home for tax purposes was never the UK. They were still paying taxes on any UK income. > It also means the tax difference of them leaving is near zero surely? Only if you assume they didn't pay any VAT.
- happymellon 1y ago
  Majority of their potential tax liabilities were being avoided, otherwise why would they leave?
pjc50 1y ago
That's what I'm wondering. Hasn't this loophole been closed yet, or is that just what's happened? I can't read the article or archive.is, but if you're not domiciled in the UK for tax purposes then haven't you already "left" the UK in some sense? Now we just need to deal with all the overseas territories and their tax arrangements. Do those count as "in the UK"? I believe not. But they benefit from the UK defense umbrella.
etiennead 1y ago
Non-dom was a special tax regime whereby for 15 years they didnt look at your income from abroad provided it stayed abroad. It costs 30k from year 7 to stay in this regime. This was great for people who just want to come to the UK to work say in finance for a few years but don't want to move their inheritance regime or finances from other countries. It was much fairer than most people make it out to be since most other countries dropped the double taxation agreement if you opted for this, therefore you would also pay tax in your origin country.
- ZeroGravitas 1y ago
  This misses all the people who were "British" and used this scheme to avoid taxes. Here's a list of prominent ones. https://en.wikipedia.org/wiki/List_of_people_with_non-domiciled_status_in_the_United_Kingdom https://en.wikipedia.org/wiki/List_of_people_with_non-domici... A Conservative MP who "inherited" the status. A son of a British newspaper magnate that got it because his dad became a tax exile to France. Hereditary peers in the House of Lords who were claiming to live abroad and so on And many of the "other countries" in these cases are in fact tax havens like Monaco or Belize.

Are they technically leaving if they are "non-domiciled"? That means their official home for tax purposes was never the UK. It also means the tax difference of them leaving is near zero surely?

unmole 1y ago

> That means their official home for tax purposes was never the UK. They were still paying taxes on any UK income. > It also means the tax difference of them leaving is near zero surely? Only if you assume they didn't pay any VAT.

happymellon 1y ago
Majority of their potential tax liabilities were being avoided, otherwise why would they leave?

pjc50 1y ago

That's what I'm wondering. Hasn't this loophole been closed yet, or is that just what's happened? I can't read the article or archive.is, but if you're not domiciled in the UK for tax purposes then haven't you already "left" the UK in some sense? Now we just need to deal with all the overseas territories and their tax arrangements. Do those count as "in the UK"? I believe not. But they benefit from the UK defense umbrella.

etiennead 1y ago

Non-dom was a special tax regime whereby for 15 years they didnt look at your income from abroad provided it stayed abroad. It costs 30k from year 7 to stay in this regime. This was great for people who just want to come to the UK to work say in finance for a few years but don't want to move their inheritance regime or finances from other countries. It was much fairer than most people make it out to be since most other countries dropped the double taxation agreement if you opted for this, therefore you would also pay tax in your origin country.

ZeroGravitas 1y ago
This misses all the people who were "British" and used this scheme to avoid taxes. Here's a list of prominent ones. https://en.wikipedia.org/wiki/List_of_people_with_non-domiciled_status_in_the_United_Kingdom https://en.wikipedia.org/wiki/List_of_people_with_non-domici... A Conservative MP who "inherited" the status. A son of a British newspaper magnate that got it because his dad became a tax exile to France. Hereditary peers in the House of Lords who were claiming to live abroad and so on And many of the "other countries" in these cases are in fact tax havens like Monaco or Belize.