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Most UK Millionaires Say Life Would Be Better Abroad, Survey Finds

The findings arrive during a government review of wealth-related taxes.

More than half the millionaires surveyed said they would leave the UK if a wealth tax was introduced
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Overview

  • The Walr poll for Arton Capital surveyed 1,009 UK residents with at least £1 million in net worth between July 31 and August 8, counting homes and other assets.
  • Sixty percent said their quality of life would be better overseas, naming the United States (35%), Canada (33%), Australia (25%) and the UAE (17%) as preferred destinations.
  • On a possible wealth tax, The Times reports 53% would be more likely to leave the UK, while CityAM’s write-up of the same survey says nearly one in three.
  • Despite strains from prices and taxes, 67% still view Britain as attractive for investment, 81% said they still feel wealthy, and 82% expressed interest in investor “golden visa” options.
  • The sentiment snapshot follows the end of the non‑dom regime, with the OBR expecting up to a quarter of non‑doms to leave and early payroll data showing departures in line with or below that, as ministers weigh capital gains and inheritance tax changes to address a £50 billion shortfall.