News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Non doms run for the hills

Non doms quit the UK as £30,000 levy starts to bite

The first figures are in and it seems that some non doms really have made good on their threat to leave the UK in response to a £30,000 annual levy imposed by Alistair Darling. The vast majority, though, have decided to swallow the charge and stay put.

The figures, obtained through a freedom of information request by McGrigors law firm, reveal that the number of non doms in the UK fell 11.5% in the 2008-2009 tax year to 123,000, City AM reported http://bit.ly/dMYv36 . It was the first fall in five years.

WSJ Logo