Prior to speaking about the 2% cut to national insurance whilst presenting the UK’s Budget on 6 March, Jeremy Hunt announced that the existing remittance basis regime, which is based on the concept of domicile, will be entirely replaced from 6 April 2025 with a new set of rules based primarily on residence.
Partner, Paul Whitehead and Senior Associate, Dominic Conde-Cole share their views following the Chancellor’s announcement that the existing remittance basis regime will be entirely replaced from 6 April 2025.
Paul Whitehead
Partner
Paul is a Private Wealth specialist with an emphasis on complex tax and trust issues including considerable experience advising international and UK-based HNW clients.
Dominic Condé-Cole
Senior Associate
Dominic has extensive experience in advising national and international high net worth and ultra high net worth individuals, businesses and listed companies on UK taxation and wealth planning.
