Partner Matthew Radcliffe has been featured in a Spear’s article exploring whether recent UK tax reforms could accelerate the departure of high-net-worth individuals from the UK and what this could mean for the economy and public finances.
The article examines advisers' concerns that changes to the non-dom regime may prompt more wealthy individuals and families to relocate overseas, with destinations such as the UAE and Italy proving particularly popular. It also considers the potential impact of further tax reforms, including proposals for wealth taxes and inheritance tax changes, on the UK's attractiveness as a place to live, invest and do business.
Policymakers should remain mindful of this country’s international competitiveness, particularly in relation to attracting entrepreneurs, investors and internationally mobile families.
The full article is available to view via Spear's here.
About Matthew
Matthew Radcliffe is a partner in the private client team, advising on a broad range of UK tax, estate planning and cross border matters for internationally mobile and US connected clients, with particular experience in trust structuring, succession planning and the UK tax treatment of foreign entities.
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If you would like to speak with a member of the US/UK tax and estate planning team you can contact our private client solicitors; Holborn office +44 (0)20 3826 7522; Kingston office +44 (0)20 3826 7529 or Putney office +44 (0)20 3826 7515 or complete our form.
