In her first Budget, UK Chancellor Rachael Reeves confirmed the abolition of the remittance basis of taxation for non-domiciled UK residents (non-doms) from 6 April 2025, as well as substantially curtailing the current protections for non-UK assets held by non-doms from UK inheritance tax (IHT)

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Please speak to Ethical Offshore Investors or your personal adviser BEFORE you make any investment decision based on the information contained within this article.

For further information on how the changes announced in the latest budget may affect you & your family situation, contact Stephen Strowger at OIBME Asia Ltd at stephen.strowger@oibme.com 

Along with the resources and technical knowledge of Sovereign, we can then assess how these changes may affect your financial future, and provide guidance and solutions on how to minimise the negative impacts, and provide a more secure future for you and your family assets. 

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