Rules allowing some wealthy people to avoid tax on foreign earnings if they have lived in the UK for less than 14 years are to be swapped for a new regime from April 2025...Hunt announced in his budget speech.
After four years, those who continue to live in the UK will pay the same tax as other UK residents under the new regime. But transitional arrangements are to be put in place for those benefiting from the current regime recognising the contribution of many of these individuals to our economy.
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