Ferrari reduces number of cars sold to the UK after non-dom tax change
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Ferrari reduces number of cars sold to the UK after non-dom tax change
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"Ferrari has reduced the number of cars it sells in the UK after wealthy residents are leaving the country following the scrapping of the non-dom tax status. In a bid to prevent a decline in the residual value of the luxury Italian cars, Ferrari said it began limiting the number of vehicles it exported to the UK six months ago."
Independent reporters cover issues ranging from reproductive rights and climate change to Big Tech, investigate political financing and produce documentaries highlighting American women fighting for reproductive rights. Donations fund journalists to report on unfolding stories, allow coverage from both sides, and sustain a paywall-free model trusted across the political spectrum. Ferrari reduced the number of cars exported to the UK after wealthy residents left following the scrapping of the non-dom tax status, limiting allocations to protect residual values. Chief executive Benedetto Vigna said sales stabilised after the cut and noted tax-driven departures and right-hand drive constraints as factors affecting residual values.
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