The latest budget has included certain changes to non-domiciliary rules.
Permanent non-dom tax status will be abolished from April 2017. The reform does not eliminate the tax status, but individuals who have lived in the UK for 15 of the past 20 years will lose the right to claim it.
The chancellor said changes to the non-dom rules would bring in an additional £1.5bn in annual tax revenue.
The changes to the non-dom system would also mean that, from April 2017, somebody who is born in the UK to UK-domiciled parents would no longer be able to claim non-dom status if they moved away from the UK but then returned and took up residency in the UK.
The chancellor said he had decided not to abolish the non-dom tax status completely because it “would cost the country money”, adding many individuals that took advantage of the tax status “make a considerable contribution to public life”.