Personal tax
Spring Budget 2024: The Non-UK Domiciled Individuals Policy
Are you a non-UK domiciled individual (non-dom) or advising one? The Spring Budget 2024 introduces significant changes to the non-dom tax regime, effective…
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Key takeaways
- 1Are you a non-UK domiciled individual (non-dom) or advising one?
Update (2026): these proposals were enacted, with changes, from 6 April 2025. See our FIG regime guide.
Are you a non-UK domiciled individual (non-dom) or advising one? The Spring Budget 2024 introduces significant changes to the non-dom tax regime, effective from April 2025.
Read our guide below to find out what these changes mean for you!
What Are the Main Changes to the Non-Dom Regime outlined in the Spring Budget 2024?
From April 2025, non-doms who are new UK residents will benefit from UK tax relief on foreign income for their first four years. After this period, they will need to pay UK tax on worldwide income and gains, aligning with the treatment of UK residents.
There are also important transitional arrangements and new rules for non-resident trusts, as well as a Temporary Repatriation Facility (12% for 2025/26 and 2026/27, 15% for 2027/28).
Since 6 April 2025, inheritance tax has also been based on long-term UK residence rather than domicile.
Who Will Be Affected from the Spring Budget 2024 Non-Dom Tax Changes?
- New UK Arrivals: Special tax relief during the initial years of residence.
- Current Non-Doms: Transitional measures to ease the shift to the new regime.
- Non-Resident Trusts: Changes to how foreign income and gains are treated.
Need Tailored Tax Advice?
If you're unsure how the new rules will affect your situation, we’re here to help.
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The Spring Budget 2024 brings changes that could impact your tax planning.
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