Wealth: Emigration
Commons · Question 68001 · Tabled 15 Jul 2025 · Treasury · Official record
Answered 23 Jul 2025
Question
Asked by Matt Vickers
To ask the Chancellor of the Exchequer, what information her Department holds on the number of (a) millionaires and (b) ultra-high-net-worth people who have relocated to other countries since 2020.
Answer
Answered by James Murray, 23 Jul 2025
The Government has removed the outdated concept of domicile states from the tax system and implemented a new residence-based regime from 6 April 2025. The new residence-based regime is more compatible for new arrivals than the previous rules. The Governme...