The new UK landscape since April 2025: practical insights and strategic considerations

What should UK clients be doing now? What does the investment landscape in the UK look like for these clients? And what about people moving into the UK?

The UK’s famous “Non-Dom” regime is no more. After years of working well to attract foreigners to base themselves in the UK, from 6 April 2025, it is abolished and replaced by a much shorter 4-year concession on foreign income and gains for new arrivers. What should UK clients be doing now? What does the investment landscape in the UK look like for these clients? And what about people moving into the UK? In this session we will take a whistle stop tour across the new landscape in the UK and share practical insights and strategic considerations for those impacted by these changes now that the new rules are up and running.

The new rules in a nutshell – we will outline the new rules as they apply across all personal taxes

We will also share insights on other upcoming expected changes and key considerations in this regard.

• The FIG regime
• Inheritance tax
• Trusts
• Carried interest

The new reality – for those who are remaining in the UK, how do they assess what steps should be taken over the next few years? What are we seeing in practice? And if they are leaving the UK, what pitfalls are there to avoid?

• Temporary repatriation facility
• Re-basing of assets
• Leaving the UK
  • Popular jurisdictions
  • Other issues to consider

Relocating to the UK in future – who will find the new FIG regime attractive? We will outline what we are seeing currently, and what we anticipate in the future.

Investments – for those who are now considered long-term UK resident, what are the primary areas of interest for investment? Should a wholesale shift in assets be considered or is a more considered approach better from a tax perspective?

• Income v gains
• Reporting v non-reporting funds
• Use of PPLI
• More “exotic” opportunities