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forbes.com
🌐 85% Global Worthiness
UK Finance Act 2025: Residence-Based Taxation and Impact on Trusts
The UK's Finance Act 2025, effective April 6, 2025, replaces the non-domiciled tax regime with a residence-based system, taxing UK residents of over four years on global income and subjecting revocable trusts holding non-UK assets to a 40% inheritance tax.
UK Finance Act 2025: Residence-Based Taxation and Impact on Trusts
The UK's Finance Act 2025, effective April 6, 2025, replaces the non-domiciled tax regime with a residence-based system, taxing UK residents of over four years on global income and subjecting revocable trusts holding non-UK assets to a 40% inheritance tax.
Progress
40% Bias Score
Reduced Inequality
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