Story perspectives

10% of Non-Doms Leave UK as Tax Changes Bite

6/3/2025

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Summary

Story summary

A report indicates that 10% of non-domiciled residents have departed the UK following the abolition of non-dom tax status.
Economist Chris Walker forecasts further exits due to inaccuracies in Warwick University's research.
The Warwick study significantly underestimated the potential number of wealthy individuals leaving.
The Centre for Economics and Business Research warns that a 25% departure could result in no net gain for the Treasury.
Countries like Italy and Greece are intensifying international tax competition, appealing to British non-doms.

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Story summary

A report indicates that 10% of non-domiciled residents have departed the UK following the abolition of non-dom tax status.
Economist Chris Walker forecasts further exits due to inaccuracies in Warwick University's research.
The Warwick study significantly underestimated the potential number of wealthy individuals leaving.
The Centre for Economics and Business Research warns that a 25% departure could result in no net gain for the Treasury.
Countries like Italy and Greece are intensifying international tax competition, appealing to British non-doms.