United Kingdom on Economic Analysis

"Today's uptick in inflation highlights that upward pressures on prices are persisting, with ongoing wage growth and difficult supply chain issues keeping costs moving upwards.

The Autumn 2024 UK Budget introduces a tax-residence-based regime replacing non-dom status, transitional measures for existing non-doms, and stricter inheritance tax rules, effective April 2025.

The Economic Crime (Transparency and Enforcement) Act requires overseas entities holding UK property to update registrations annually. The new 2023 Act adds compliance layers, including additional reporting notices, complicating due diligence for businesses involved in UK property transactions.