Spencer West International Wealth Partner Steve Abletshauser features in several articles, sharing his insights on the changes to Non-Dom regulations and Capital Gains Tax.

Calls for the Chancellor, Rachel Reeves, to bring in a tax on people emigrating from the UK on their accrued but unrealised gains are “fundamentally flawed”, industry figures have warned.

Steve states that: “If capital gains tax is indeed equalised with income tax, material proportions of wealth generators will without doubt leave the UK for many years. This will only further exacerbate the tax gap.” he said that “There is a feeling that the social contract is broken in that double taxation in the form of Inheritance tax is deemed ‘fair’ whereas successive governments do not address the fact nearly a quarter of households pay no income tax and only 11 per cent of the working age population pays more than basic income tax.”

Providing further explanation and comment on the Labour Party’s changes to Capital Gains Tax; DIY Investor, Wealth Investment News and Wealth Briefing have published an article including the comments of Spencer West International Wealth Partner, Steve Abletshauser.

Read the full articles here:

DIY Investor: DIY Investor – The Do-It-Yourself Investing Blog

Wealth Investment News: Calls for govt to bring in exit tax for the wealthy ‘fundamentally flawed’ – Wealth Investment News

Wealth Briefing: I’m A UK Millionaire – Get Me Out Of Here, Think Tank Says (wealthbriefing.com)