Tax exodus and the new nomads: Why entrepreneurs are weighing their options

Tax changes see entrepreneurs mull relocation

clock • 5 min read

Entrepreneurs and investors (can't get no) satisfaction due to Budget tax changes, writes Andrew McMillan

In 1971, the Rolling Stones famously relocated to the South of France, becoming emblematic of high-profile tax exiles. Over 50 years later, a new wave of headlines suggests that today's entrepreneurs and investors may now be following suit. But are we truly witnessing the rise of a modern generation of nomadic business leaders seeking tax relief abroad? The Autumn Budget confirmed changes to capital gains tax (CGT) rates, business asset disposal relief (BADR), and inheritance tax. These changes are part of the government's efforts to generate much-needed revenue to fund public service...

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

HMRC gears up for an increase in criminal investigations

HMRC gears up for an increase in criminal investigations

'Criminal investigations are reserved for the most egregious cases'

John Hood
clock 17 April 2025 • 4 min read
Spring Statement sigh of relief? Don't hold your breath for the Budget

Spring Statement sigh of relief? Don't hold your breath for the Budget

'It never hurts for us to adopt the brace position'

Lee Halpin
clock 15 April 2025 • 4 min read
A new tax year for advice: 'Tax planning is not done'

A new tax year for advice: 'Tax planning is not done'

Advisers urge clients to maximise their tax breaks

Isabel Baxter
clock 08 April 2025 • 5 min read