Budget 2008: The wealth manager’s point of view

Segments of orangeLouise Somerset, RBC’s wealth management tax director, assesses how the chancellor’s budget affects the wealth manager’s business.

Taxation of non-UK domiciliaries (non-doms) individuals

The much publicised £30,000 annual charge payable by non-doms who have been resident in the UK for seven of the last 10 tax years, will come into effect from 6 April 2008.

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