David Lingham

From 6 April 2025, the Government’s new Foreign Income and Gains (FIG) regime for ‘qualifying new residents’ (QNRs) introduced a fresh landscape of tax incentives. Despite widespread criticism and concerns around the fiscal impact of scrapping the non-dom regime, the new reforms provide significant benefits for new UK residents – including exemption from UK tax on qualifying income and gains for their first four years of residence. In City AM, Private Wealth Senior Associate, Clare Pooley explores how the new regime works in practice, who stands to benefit, and the long-term implications for international mobility and investment in the UK.

The Government has confirmed the majority of the proposed changes to agricultural and business property relief will come into force from 6 April 2026.   Draft legislation has been released, along with a summary of the consultation responses regarding the proposed measures.

Partners Hayden Bailey, Natasha Hassall and Clare Stirzaker, and Legal Director, Emma Haley, provide an update on the incoming legislation.

Kyra Motley, Will Finnerty, and Emily Wood write in eprivateclient, sharing their insights on the 2025 UBS Global Family Office Report with ten emerging trends shaping the priorities of UHNW families, and emphasising the growing demand for tailored succession planning solutions.