Click here for the full article in the Financial Times: ‘Too little, too late’: advisers to the rich react to UK Budget’s non-dom tax cap
Roberts’ comments have been reproduced below with kind permission.
Robert commented:
The move was “an attempt to lure back former non-doms who have left the UK over concern about the inheritance tax”, said Robert Brodrick, partner at law firm Payne Hicks Beach, adding: “Unfortunately, this is probably too little, too late.” He estimated it would only benefit those whose trusts were valued at more than about £85mn. One former non-dom who left in part because of the new trust charge said that “the damage is done”.
For further advice on Private Client law, email Robert or telephone on 0207 465 4300.
