Wealthy investors are considering leaving the U.K. as Labour plans to abolish the non-dom tax regime. This 200-year-old tax rule allows foreign-domiciled individuals living in the U.K. to avoid taxes on overseas income. A study from Oxford Economics found that nearly two-thirds of non-doms intend to leave the U.K. Countries like Switzerland, Monaco, and Dubai are actively courting these investors with tax incentives. The U.K.'s luxury real estate market has already felt the impact, with sales in London’s super-prime residential sector down 22% year-on-year.
