Mark Davies was quoted in The Times on Stuart Gulliver’s, Chief Executive of HSBC, non-dom tax status:
“It is possible to claim a domicile of choice elsewhere by physically moving elsewhere, and by forming a fixed intention to take a permanent residence elsewhere. Both factors have to be present to change domicile, and both have to be lost to lose it.
While there is some public disapproval of British born non-doms…the law is actually stacked in HMRC’s favour. Therefore it is for Mr Gulliver to prove to HMRC that he has established and maintained a domicile of choice elsewhere. The law makes it more difficult for UK expats leaving the UK to lose their domicile of origin as they have to prove their intention to reside abroad permanently.”
Read the full article here.