Chancellor overhauls system so new arrivals to UK will pay same taxes as other residents after four years
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Jeremy Hunt has axed the UK’s non-dom rules, in a move that mirrors a longstanding Labour policy, and which the chancellor said would be used to cut taxes on working families in the UK.
Rules allowing some wealthy people to avoid tax on foreign earnings if they have lived in the UK for less than 14 years are to be swapped for a new regime from April 2025 in which new arrivals to the UK will not pay tax on foreign income and gains for the first four years of UK residency.
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