UK

Expert view: Ireland could attract wealthy non-doms put out by UK tax reform

UK government announced plans to scrap the current tax system for non-domiciled individuals - a move Ireland could stand to gain from

According to one tax expert, keeping Dublin's non-dom system the same could create an ‘opportunity"’ if individuals either choose to leave the UK or not move at all. Picture: Getty

Ireland could be in line to benefit from Britain’s decision to scrap the current tax system for non-domiciled individuals, a selection of tax experts have suggested.

The move, reported in advance of the UK’s budget day and confirmed on Wednesday, prompted speculation that Dublin could end up an alternative destination for wealthy individuals put off by a new tax regime in London.

While the current system for UK residents whose permanent home is outside the ...