Post-Election Planning | The Only Thing That Is Constant Is Change

Anyone following UK politics or tax policy would be well advised to remind themselves of Heraclitus' insight. As we contemplate what many are understandably terming the most important election in decades, let us take a moment to take stock of the possible implications for us, our clients and the country – and, crucially, what, if anything, we should be doing or preparing to do around this.

What might be in store for non-doms?

Before looking at such specifics as there are, two points really need to be made. First, even if the non-dom rules are abolished, clients and advisers alike should remind themselves that there is much effective planning to be done for international clients even if all offshore income and gains are taxed on the arising basis. Second, politicians and policy makers might want to reflect on the huge contribution non doms make to the economy (at least £8bn on recent estimates) and that at least some of them will consider other jurisdictions (and