Home Business news Rachel Reeves’s budget creates tax break for rich former non-doms

Rachel Reeves’s budget creates tax break for rich former non-doms

50

Cap on inheritance tax paid by their offshore trusts will only help those worth more than £83m, say experts

A tax break for rich former non-doms that slashes their potential inheritance tax bills was included in the small print of the budget.

The benefit relates to how much tax this group faces having to pay on their global wealth held in trust.

Continue reading…Cap on inheritance tax paid by their offshore trusts will only help those worth more than £83m, say expertsA tax break for rich former non-doms that slashes their potential inheritance tax bills was included in the small print of the budget.The benefit relates to how much tax this group faces having to pay on their global wealth held in trust. Continue reading…