Taxing those supposedly tax-dodging non-doms has been a Labour mantra for some years, and seemed to be the answer to most of their spending plans until their recent discovery of the Black Holes. Some of our tax rules, notably Inheritance Tax, were based on ‘domicile’ rather than residence. That meant that if you were born in the UK and moved abroad, you could become non-resident and not pay income or capital gains tax, but wherever you went it would be almost impossible to lose your ‘domicile’, and you would still be liable for IHT on your worldwide assets. There have been all sorts of losing, high-profile challenges to this over the years, notably Richard Burton, who unsuccessfully claimed that his donkey’s years of living in Switzerland should make him exempt. This is changing and will be based on where you live, rather than where you were born. Which will make many a Brit living in Spain or France for ten years or more a winner; but won’t I suspect, make many of the super-rich, and thus super-mobile that it’s supposed to catch, the losers.
“2024 a mixed year for sustainable investing, report finds”
lthough in theory the environment (pardon the) for sustainable/ethical/responsible funds improved significantly last year, the performance of many did not. Excluding oil/mining/guns/fags all hampered their performance in the aftermath of Ukraine.