On 29 July 2024, the Treasury released a policy paper on changes to the taxation of non-UK domiciled individuals. The paper sets out the Labour government’s current position on the taxation of non-UK domiciled individuals.
A much earlier commencement date than was previously envisaged means there’s not a lot of time for both parents and schools to plan for its introduction.
As part of the Government’s commitment to ‘making work pay’, it stated it was going to update the remit provided to the Low Pay Commission (LPC) to include cost of living going forward.
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Labour's proposed property tax changes include closing non-dom inheritance tax loopholes, reforming business rates, and increasing Stamp Duty Land Tax for non-UK residents and first-time buyers in England and Northern Ireland.
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In this article, we delve into the rumoured changes, their potential effects, and strategic considerations for asset holders.
In this article, we outline the key employment law proposals from the Labour parties.
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