December 2024

UK Tax Changes Affecting Non-Doms in and from Hong Kong

The UK government’s recent Autumn Budget introduces significant changes to the tax rules for non-UK domiciled individuals (non-doms), many of whom have connections to Hong Kong. These changes, effective from 6 April 2025, could have substantial implications for Hong Kong residents with UK ties and UK residents with a  Hong Kong background, including property ownership, income, and trusts.