Wealthy British nationals fleeing missile and drone attacks in the UAE are avoiding the UK and staying in countries like Ireland and France to prevent triggering tax liabilities before the financial year ends on April 5. High-net-worth individuals who had been non-resident are seeking to avoid hefty income tax and capital gains tax bills, though tax advisers say HMRC is unlikely to grant exceptional circumstance provisions that would allow extra days in Britain without tax consequences.
Otto Beta
1 comment
Wealthy British nationals fleeing missile and drone attacks in the UAE are avoiding the UK and staying in countries like Ireland and France to prevent triggering tax liabilities before the financial year ends on April 5. High-net-worth individuals who had been non-resident are seeking to avoid hefty income tax and capital gains tax bills, though tax advisers say HMRC is unlikely to grant exceptional circumstance provisions that would allow extra days in Britain without tax consequences.