Well Done, more Good Years to cum as more Ultra Rich AMDKs abandon UK and join Sinkipur

[k1976]

Singapore on radar for 74,000 ultra-rich UK foreign residents hit by tax change​

These wealthy foreign UK residents contributed £6.2 billion in direct tax revenue in 2023

Ry-Anne Lim &​

Tessa Oh​

Published Tue, Oct 29, 2024 · 07:59 PM
Wealth Management

• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE
• More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government, say wealth managers. PHOTO: BT FILE

WEALTH managers are seeing increasing interest from ultra-rich foreigners looking to relocate to Singapore from the UK, bringing with them a fresh influx of wealth, market watchers told The Business Times.

This comes as the UK is set to abolish the non-domiciled – or “non-dom” – tax status of some 74,000 ultra-wealthy foreign residents, on top of other potential tax changes under its new Labour government.

According to David Lesperance, managing partner of global international tax and immigration adviser Lesperance & Associates, many of these ultra-high-net-worth investors have set up “fire-escape plans” to leave the UK.

 

[ChopSengHuat]

Do u think the authors are both virgin ?

 

[Pinkieslut]

Wonderful news! Have more high ses high net worth types than the low ses coolie genes siaolang retards!

 

[Leongsam]

If this does not prove that PAP is the best I don't know what does.

 

[k1976]

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