Financial Times FT.com

Housing downturn helps stop non-doms relocating

By Vanessa Houlder

Published: June 17 2008 03:00 | Last updated: June 17 2008 03:00

The downturn in the housing market is a factor persuading wealthy foreigners to remain in Britain, according to research that shows few non-domiciled residents are moving to escape the new tax regime.

Despite this year's introduction of higher taxes for non-doms, Britain's career opportunities and culture have ensured that it remains one of the world's most attractive regimes, according to the study commissioned by Barclays Wealth.

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