Budget 2024: Hunt axes non-dom tax regime

The non-dom tax set-up for UK residents whose permanent home is overseas will be replaced with new rules from April 2025, the Chancellor said.

It means foreign nationals who live in the UK, but are officially domiciled overseas, will no longer be able to avoid paying UK tax on their overseas income or capital gains.

A "simpler" residency-based system will arrive in 2025.

#jeremyhunt #chancellor #budget

SUBSCRIBE to our YouTube channel for more videos:    / skynews  
Follow us on Twitter:   / skynews  
Like us on Facebook:   / skynews  
Follow us on Instagram:   / skynews  
Follow us on TikTok:   / skynews  

For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-n... Android https://play.google.com/store/apps/de...

Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/

Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí:    / @skynewsespanol  

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales