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Farage Promises Non-Doms Protection From Tax on Overseas Assets

Farage Promises Non-Doms Protection From Tax on Overseas Assets

Bloomberg22-06-2025
Nigel Farage's Reform UK party is offering non-doms full exemption from tax on their overseas assets for a fee of £250,000 ($335,000) every 10 years with the revenue redistributed to lower income workers, drawing a new battle line with Britain's traditional parties.
Farage's proposal pits him against both the Conservatives, which last year abolished non-dom status for those who live in Britain but have their permanent home abroad, and the Labour government, which went one step further after winning the election last July by imposing inheritance tax on their global wealth.
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