Proposed UK tax changes will hit SA expats planning to emigrate
The move would cause the scrapping of the nondomicile regime, which caused controversy due to considerable benefits to Prime Minister Rishi Sunak’s wife, Akshata Murty
14 May 2024 - 05:00
A proposed change by the UK government of its tax regime to one taxing foreign income and gains on a residence basis will have significant consequences for South Africans planning to emigrate to the UK.
The change would cause the scrapping of the centuries-old nondomicile (nondom) tax regime that caused controversy in the UK due to the considerable tax benefits it gave Prime Minister Rishi Sunak’s multimillionaire wife, Akshata Murty, on her dividend income from India...
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