On 17 June, the government published two much anticipated consultation papers on introducing a statutory residence test (SRT) and reforms to the taxation of non-domiciled individuals.

The proposed reform of non-domiciled taxation is a welcome dose of pragmatism and should encourage further inward investment into the UK. By contrast, the apparent tightening of the rules on UK residence may have the opposite effect, with many individuals needing to further sever their ties with the UK (such as selling available accommodation here and/or removing their families) in order to remain non-resident.