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2h ago

Survey Finds Most UK Millionaires Prefer Life Abroad as Wealth Tax Talk Grows

The poll coincides with ministerial debate over wealth‑based tax changes.

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

  • Sixty percent of respondents said life would be better outside the UK, and 53 percent said a wealth tax would make them more likely to leave.
  • The Arton Capital/Walr survey polled 1,009 UK residents with net worths of at least £1 million between 31 July and 8 August, counting homes in asset values.
  • Top relocation targets were the US (35%), Canada (33%), Australia (25%) and the UAE (17%), with about 82% expressing interest in investor residency ‘golden visas’.
  • The government has scrapped the non‑dom regime; the OBR expected up to a quarter of non‑doms to depart, and early payroll signs reported by The Times suggest departures are in line or lower.
  • Separate research projected a record loss of 16,500 UK millionaires over 12 months, even as two‑thirds of respondents still see Britain as an attractive place to invest.