All the above is based on the assumption that the current and proposed rules remain in place. That’s not guaranteed by any means, so anyone who thinks they will be affected should make sure they obtain advice on their specific situation.
A new government has now been formed with key ministers being appointed, including a designated “Minister for Brexit”, David Davis. A top imperative for Theresa May, the UK’s new Prime Minister, will be to work out the Government’s non-Brexit priorities and how to deliver the Conservative manifesto on which they were elected in a much more politically and economically constrained environment.
Further to announcements made by the new Chancellor of the Exchequer, Philip Hammond, on Thursday 14 July, the earliest date for any significant announcements on tax or fiscal policy is likely to be the annual Autumn Statement, usually held in late November or early December each year.
UK non-doms are well advised to generally consider their residence situation and its effect regarding taxation and freedom of movement and start evaluating their residence options, including their long-term residence status, accordingly.