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On October 30, 2024, the UK government confirmed its plans for extensive reforms to the UK tax system, which will impact non-UK domiciled individuals (non-doms), expatriates, trusts, and UK residents with international connections. These reforms follow the government’s March 2024 announcement of intended changes, now substantiated by detailed draft legislation and guidance. The newly issued guidelines provide clarity on how these tax adjustments will affect non-doms and individuals with overseas ties

Irwin Mitchell, a Strategic Partner of the Commonwealth Enterprise and Investment Council (CWEIC), has compiled an informative note that outlines the key changes, illustrative examples of potential impacts, and essential planning recommendations. Their note serves as a practical guide for understanding the new tax rules and the specific implications for individuals with cross-border financial arrangements. Read the note here.

Given the relatively short timeframe for preparation, Irwin Mitchell urges those who may be affected to seek expert advice promptly to understand and address their positions under the forthcoming rules. As specialists in complex cross-border UK tax matters, Irwin Mitchell is available to provide tailored advice. For further information or to arrange a consultation, please contact us here.