Rachel Reeves, UK's Finance Minister, speaking about the Squawk Fund in CNBC outside the World Economic Forum in Davos, Switzerland on January 22, 2025.
Jerry Miller CNBC
The Ministry of Treasury confirmed that the United Kingdom will reduce some planned changes on the base of the controversial tax after fears of the exit of the millionaire, as confirmed by the Treasury.
Britain's 200 -year -old Britain's regime allows people to live in the UK, but they imagine elsewhere for tax purposes, to avoid paying fees on income and capital gains abroad for up to 15 years. The regime has destroyed a long time ago, as he led the UK Finance Minister Rachel Reeves in it October budget To confirm that it will be canceled as of April 2025, and that all in the long -term population will be subject to inheritance tax on their assets all over the world, including those who are detained in confidence.
Speaking at a marginal event at the World Economic Forum in Davos, Reeves said that the government will soon offer an amendment to the country's financing bill, which increases the generosity of the base that allows non -rotation to bring money to the United Kingdom without paying large taxes.
“We listened to the concerns raised by the non -Dommy society,” Reeves told the Wall Street Journal Emma Taker when asked about the recent departure from the wealthy.
She added: “In the financing bill, we will make an amendment that makes the temporary temporary return facility more generous, which enables non -rotation to bring money to the United Kingdom without paying large taxes.”
On Thursday, Reeves also sought to reassure the wealthy investors abroad that the changes would not affect the double tax agreements concluded between the United Kingdom and other countries.
“There were some concerns about countries with tax tax agreements with the United Kingdom, including India, that they would be extracted to pay the inheritance tax. This is not the case. We will not change these huge agreements, she said.
In a statement of CNBC, the plans confirm, a cabinet spokesman said that the amendments were designed to motivate non -courses “to bring their money to the United Kingdom, and to encourage them to spend and invest these funds here.”
“While we do not expect these changes to affect 33.8 billion pounds of tax revenues that OBR expects to be raised for five years, it reflects our continuous participation with the stakeholders to ensure that the declared reforms in the budget work as intended.” .
The government of the October government was formed on the absence of part of the broader measures aimed at higher levels, with new fees on private arrows, private schools, second homes and private planes.
Critics warned at that time not to move movements A collective exit for the wealthy individuals They said that many of them will be major contributors to the government's investment agenda agenda.
He left an estimated 10800 million UK in the United Kingdom last year, according to updated numbers from New World World Wealth and Investment Advisers henley & Partners, a 157 % increase in 2023.
