Autumn Budget 24: Non-dom status abolished from April 2025

Non-dom regime 'outdated', Reeves said

clock • 4 min read

The government has confirmed it will abolish the ‘non-doms' regime of preferential tax rules.

Announced in the Autumn Budget today (30 October), Chancellor Rachel Reeves says she will remove the "outdated concept" of domicile from the tax system from April 2025.   She says she will introduce a new, residence-based scheme with "internationally competitive arrangements" for those coming to the UK on a temporary basis.   The move will remove the 50% discount on foreign income in 2025/26, apply inheritance tax, set the capital gains tax rebasing date at 5 April 2017, and extend the Temporary Repatriation Facility from two to three years.   The Office for Budget Respons...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Autumn Budget 24: Income tax threshold freeze to be lifted in 2028/29

Autumn Budget 24: Income tax threshold freeze to be lifted in 2028/29

Chancellor Rachel Reeves has said there will be no extension of the freeze in income tax thresholds beyond 2028.

clock 30 October 2024 • 3 min read
Autumn Budget 24: Chancellor freezes IHT threshold for a further two years

Autumn Budget 24: Chancellor freezes IHT threshold for a further two years

Reeves will also bring inherited pensions into the IHT scope from 2027

Isabel Baxter
clock 30 October 2024 • 5 min read
Budget havoc could push GPs to head for the door

Budget havoc could push GPs to head for the door

‘GPs need stability and clarity’

Katie Collin
clock 29 October 2024 • 5 min read