Record high in foreign non-dom investment in UK businesses

News Team, 14/01/2020

Use of the government scheme encouraging investment in UK businesses by non-domiciled individuals has hit a record high, private wealth law firm Boodle Hatfield has revealed.

Non-doms invested £979 million in British businesses through the Business Investment Relief scheme last year, a rise of eight percent on the previous year and an almost fivefold increase on 2012/13, the year it was introduced. The relief has now channelled almost £3.5 billion into UK businesses since it was introduced.

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