Friday, May 2, 2008

Bye bye non dom

Double whammy for non-doms trying to bail out as new tax bites

"Those who wish to take their leave of London are discovering that the values of their swish £1 million to £2 million properties in the best postcodes have slumped, as the housing market nationwide goes into decline. Halifax reported yesterday that prices fell by 1.3 per cent in April, the fourth consecutive decrease. The drop in the value of the pound against the euro – 20 per cent since September – will reduce further the amount of capital that the departing non-dom takes home if he or she is returning to Paris, Berlin, Milan or Madrid" HAHAHAHHAHAHH

Posted by confused76 @ 11:26 PM (727 views)
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3 thoughts on “Bye bye non dom

  • £1m won’t get you anything particularly ‘swish’ in the ‘best’ London postcodes.

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  • As Monty Python almost said, what have the non-doms done for us? Unlike the Romans they didn’t engender massive investments in infrastructure or law and order. All the non-doms did was made shed-loads of money for themselves, paid as little tax as possible, then ran for the hills at the first sign of trouble. With friends like these….. good riddance methinks!

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  • As Monty Python almost said, what have the non-doms done for us?
    Some of them, pandered to by nulabour, have surely helped cripple the economy.
    But many “bankers” have been homegrown.

    It’s hard, though, to know who this article is aimed at. Can we afford to laugh?
    Anyone outside the UK investing in the UK has lost in share price AND currency decline – so they will not
    return in a hurry.

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