After the non-dom: where the money is moving.
The UK ended non-dom status on 6 April 2025. For 2025 Henley forecast a net loss of 16,500 UK millionaires, the largest outflow of any country. From London, the engine's first 3 are Dubai, Abu Dhabi and Monaco.
In short, current to October 2026
- The remittance basis ended on 6 April 2025. A new arrival who was not UK resident in any of the previous 10 tax years now gets 4 years of relief on foreign income and gains, and then pays UK tax on worldwide income like everyone else.
- Inheritance tax moved from domicile to residence. The UK taxes an estate at 40% above £325,000, with a further band for a home left to children. A spouse inherits free. Since April 2025 exposure follows 10 of the last 20 years of residence. A long-term resident who leaves stays inside it on worldwide assets for up to 10 years.
- Henley forecast a net loss of 16,500 UK millionaires for 2025 (country level). The largest forecast gains went to the UAE (+9,800), the United States (+7,500), Italy (+3,600) and Switzerland (+3,000).
- From London, with the flight home counted in, the engine's default reading ranks Dubai, Abu Dhabi and Monaco first. London itself takes 43% of $1M.
- The 2 European regimes built for exactly this reader: Italy's flat €300,000 a year on all foreign income (about $336K), and the Swiss lump sum, $101K to $194K a year at the CHF 435,000 floor on the model.
- On the way out: No exit tax as such. The temporary non residence rule taxes gains realized abroad on assets held before leaving, at 24% today, if you return within 5 years and had sole UK residence in 4 of the 7 tax years before leaving. After more than 5 years of non residence the rule no longer applies. The date you break residence is tested under the statutory residence test. Current to October 2026. Confirm with counsel before relying on any of it.
Each address on this page was last checked against its official sources between and . The sources for each are named on its page.
Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated . Cite as: Patrician.ch, Where are UK millionaires moving in 2026? After the non-dom, patrician.ch/answers/where-are-uk-non-doms-moving/, October 2026.
