non dom

Definition

Someone living in the United Kingdom, whose home is not permanent, fixed, or his or her principal residence, or that person's tax status. This status includes those holding British passports. Sometimes referred to as foreign nationals, these individuals pay income tax and capital gains tax only on earnings generated in or money brought into the United Kingdom. Any income generated or money held outside the United Kingdom is nontaxable. For example, an Italian can purchase a townhome in London, live off assets held in other countries outside the United Kingdom, and pay no tax to the British government. Short for non-domiciled.

单词	non dom
释义	non dom Definition Someone living in the United Kingdom, whose home is not permanent, fixed, or his or her principal residence, or that person's tax status. This status includes those holding British passports. Sometimes referred to as foreign nationals, these individuals pay income tax and capital gains tax only on earnings generated in or money brought into the United Kingdom. Any income generated or money held outside the United Kingdom is nontaxable. For example, an Italian can purchase a townhome in London, live off assets held in other countries outside the United Kingdom, and pay no tax to the British government. Short for non-domiciled.
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