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Implications of UK ‘austerity’ budget on non-resident Britons

The law firm Withers has prepared a note on the impact of Britain’s recently unveiled “austerity” budget on non-resident Britons. This budget brings significant changes for UK resident individual with an increase in the top rate of capital gains tax (CGT) to 28% with immediate effect, and in the rate of VAT (the sales tax that applies in the UK)…

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