• Will the UK Become the Next Tax Haven? The 2024 Non-Dom Tax Reforms and Their Impact on London’s Property Market

  • Nov 5 2024
  • Length: 6 mins
  • Podcast

Will the UK Become the Next Tax Haven? The 2024 Non-Dom Tax Reforms and Their Impact on London’s Property Market

  • Summary

  • In this episode of London Property Digest, we examine the UK government’s controversial decision to overhaul the non-dom tax regime, replacing it with a short-term residence-based scheme. Critics warn this shift could turn London into a “Bahamas-style” tax haven, attracting transient residents more interested in tax breaks than long-term contributions to the UK economy. With potential impacts such as reduced property demand and a possible exodus of wealthy investors, we explore what this means for the UK’s property market and economic landscape. Tune in for insights on how these changes might reshape London’s future.

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    Originally created to keep our team at Longrad sharp and informed, we’re now sharing these insights with the wider community — offering you a fast, comprehensive London property update on the go.

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    Founded in 2005, Longrad is an independent consulting agency specializing in the individual selection of prime residential and commercial real estate. With over 19 years of experience in the luxury real estate market, our team of qualified professionals knows London’s property landscape like the back of their hand.

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