'It's punishing' Non-dom says tax change will force him to leave Britain
The Guardian|May 02, 2024
Bassim Haidar is house hunting. He owns "more than 10 properties" in central including a London, £20m five-bedroom flat near Chelsea's Sloane Square.
Rupert Neate
'It's punishing' Non-dom says tax change will force him to leave Britain

But he says he has decided to "urgently" leave the UK to avoid paying millions of pounds in tax after the government's and Labour's plan to scrap the 225-yearold "non-domicile" regime, which allows Haidar, and 68,800 other non-doms, to avoid paying UK tax on their overseas income.

"I am moving - that is it," says Haidar, an entrepreneur who has lived in the UK on-and-off since 2010. "We have looked at it from every angle and it just doesn't make sense to stay here. This [the ending of the non-dom regime] is going to cost me millions and millions of dollars and pounds every year in taxes on money that I've actually made abroad and businesses that I've built abroad." Haidar is starting his search for a new house - and tax-domicile - this week. First in Monaco, the taxfree principality on France's Côte d'Azur, and then tax-free Dubai.

"What's the logic of me living in the UK? In Monaco there are no taxes, and no inheritance tax.

Esta historia es de la edición May 02, 2024 de The Guardian.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición May 02, 2024 de The Guardian.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE THE GUARDIANVer todo
Messages suggest Bin Salman key to Newcastle deal
The Guardian

Messages suggest Bin Salman key to Newcastle deal

Leaked WhatsApp messages from the former Newcastle United minority co-owner Amanda Staveley suggest that Mohammed bin Salman, Saudi Arabia's crown prince, was heavily involved in the takeover of the club, it was reported yesterday.

time-read
3 minutos  |
October 21, 2024
"'Is it subconscious bias?' O'Neil questions officials after VAR hands City dramatic win"
The Guardian

"'Is it subconscious bias?' O'Neil questions officials after VAR hands City dramatic win"

The Wolves manager, Gary O'Neil, questioned whether referees have a subconscious bias in favour of the \"big guy\" after Manchester City clinched a stoppage-time victory in controversial circumstances.

time-read
1 min  |
October 21, 2024
Red machine finds sufficient calm in the storm to get the better of callow Chelsea
The Guardian

Red machine finds sufficient calm in the storm to get the better of callow Chelsea

Everything had been relatively serene for Chelsea at Anfield until the 25th minute when Levi Colwill flapped in a gale. Mohamed Salah thought he had been fouled on the edge of the area but John Brooks made the wrong decision, leaving Liverpool irritated and began a new case study in chaos theory.

time-read
3 minutos  |
October 21, 2024
Jones stars as Liverpool pass first serious test
The Guardian

Jones stars as Liverpool pass first serious test

Contenders or pretenders? It was a legitimate question to ask of Liverpool given their almost flawless start under Arne Slot and the wait for their first serious Premier League test. Old Trafford does not qualify. Chelsea provided it and Liverpool found the answers, hauling themselves back to the summit with defeat of Enzo Maresca's emerging team.

time-read
3 minutos  |
October 21, 2024
Stones snatches victory as Wolves rue VAR again
The Guardian

Stones snatches victory as Wolves rue VAR again

Pep Guardiola was on the pitch, perplexed at John Stones's winner halfway through the final minute of stoppage time being disallowed for offside against Bernardo Silva.

time-read
3 minutos  |
October 21, 2024
Caldentey and Kafaji fire Arsenal to welcome victory
The Guardian

Caldentey and Kafaji fire Arsenal to welcome victory

A battling defeat of West Ham ensured Arsenal secured back-to-back wins in the Champions League and Women's Super League after the resignation of Jonas Eidevall.

time-read
3 minutos  |
October 21, 2024
Pollard lifts Leicester and delights Cheika
The Guardian

Pollard lifts Leicester and delights Cheika

Sometimes it helps having a double World Cup champion in your side. There are numerous reasons why Leicester overturned an 11-point deficit to win a thrilling contest against Gloucester. Their experienced bench played a role, as did greater accuracy in the backline after a disjointed opening. They rode their luck on occasion and it did not hurt playing against the most porous defence in the league.

time-read
3 minutos  |
October 21, 2024
Ferrari fire up tension as Leclerc and Sainz seal Texas one-two
The Guardian

Ferrari fire up tension as Leclerc and Sainz seal Texas one-two

Lando Norris was handed a five-second penalty after he was ruled to have gone off the track to overtake Max Verstappen

time-read
3 minutos  |
October 21, 2024
His courage now is typical of man who lit up velodrome
The Guardian

His courage now is typical of man who lit up velodrome

Sir Chris Hoy is facing his terminal diagnosis with the same stoicism that made him Britain's greatest track cyclist

time-read
4 minutos  |
October 21, 2024
Ainslie keeps the faith in America's Cup quest
The Guardian

Ainslie keeps the faith in America's Cup quest

Ineos Britannia had only just crossed the finish line, 37 seconds behind Emirates Team New Zealand in the ninth and final race of this America's Cup, when their 47-year-old skipper Sir Ben Ainslie was asked about his plans for the next one.

time-read
2 minutos  |
October 21, 2024