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Blick Rothenberg - Non-Domiciled Individuals - Inheritance Tax (IHT) The abolition of the non-dom tax regime In the Spring Budget 2024 Jeremy Hunt announced the abolition of the non-dom tax regime and a new modernised ‘tax holiday’ for individuals moving to the UK. It is one of the most significant reforms to the non-dom tax regime in our generation. Many affected individuals will now face a dilemma due to the proposed rules, in terms of both their existing structures and ongoing exposure to UK Tax. In this short series we highlight what this could mean for you and how you can prepare for the changes. Inheritance Tax (IHT) With domicile no longer playing a part in the IHT regime, the new rules dictate that an individual’s worldwide estate is subject to UK IHT once they’ve been UK resident for 10 years, previously 15. Find out more: https://hubs.la/Q02sN0Mz0