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Irish solicitors wooing wealthy Britons on tax

Several Irish legal firms are in talks with advisors to high-net worth individuals living in Britain about moving to Ireland.

The move follows plans to introduce stricter rules governing foreign residents in Britain - so-called ‘non-doms’ - who have benefited from favourable tax treatment there.

A partner in one of Ireland’s leading law firms said the proposal by the British government to charge non-domiciled residents £30,000 per year was not enough to drive large numbers away.

‘‘But from their point of view, i t is not a good development and it is one factor. If it was death by a thousand cuts, then this is a cut,” he said. The lawyer said he had informed his international clients of the changes and was in discussions in relation to a number of British-based non-doms who were considering moving to Ireland.

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