Abolishment of Remittance Basis Taxation in the UK
The Chancellor has confirmed a sweeping change for non-domiciled UK residents (non-doms) set to take effect on April 6, 2025. The current remittance basis of taxation will be replaced with a new four-year Foreign Income and Gains (FIG) regime—a shift likely to impact thousands of individuals planning to move to in the UK.
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More Buy-to-Let Properties are Being Repossessed in the UK: What To Know
If you're one of the landlords in the UK, this article is for you. Thousands of landlords are struggling now to keep their properties out of arrears with a rise in buy-to-let repossessions in the last quarter. In the second quarter of 2024, mortgage arrears for landlords increased by 1% from the previous quarter, resulting in 13,570 cases.
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