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The UK as a location of choice for high net worth Indian individuals

UK Edition - March 2018, SPOTLIGHT
by Arbinder Chatwal
‘New World Wealth’ recently reported that 7,000 ultra-rich Indians moved overseas to various locations in 2017, including the UK. A financial expert analyses the tax scenario in the country to weigh up its attractions.

The focus of this report is on the tax regime in the UK and why this may be attractive to individuals domiciled in India or elsewhere. The UK offers many other social and economic benefits and tax is unlikely to be the only factor influencing the decision. However, these are outside the scope of this article.