UK’s 2025 Tax Changes Push Wealthy NRIs to
Seek Global Residency
Los Angeles/Jan 28, 2025
NRIpress.club/Ramesh/A.Gary Singh
The UK’s new tax reforms, effective April 6, 2025, are prompting wealthy NRI families to rethink their residency. The revised rules will impose inheritance tax (IHT) on global earnings and assets of UK residents, significantly impacting high-net-worth Persons of Indian Origin (PIOs) and Non-Resident Indians (NRIs).
To reduce tax liabilities, many are adopting the “tax traveler” lifestyle—carefully splitting time across multiple countries. By spending fewer than 90 days in the UK annually, they can avoid UK tax residency while maintaining financial flexibility.
Top Destinations for Tax Traveler’s:
Dubai: A leading choice due to its tax-free environment, high living standards, and proximity to India.
Bahrain: Another emerging tax-efficient alternative.
India: A viable option as it does not impose inheritance tax, though NRIs must manage residency rules carefully.
Strategic Residency Planning
Affluent families are now structuring their stays as follows:
- 89 Days in the UK to avoid tax residency.
- 119 Days in India for tax benefits and familial ties.
- Remaining Time in Dubai or Bahrain to optimize financial planning.
As tax policies evolve, expert financial advice will be crucial in navigating this shifting landscape and ensuring wealth preservation for future generations.
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