Roger Gherson comments on tax certainty for High-Net-Worth individuals considering the UK

Roger Gherson, Senior Partner at Gherson Solicitors LLP, has been featured in Luxury London, commenting on how tax uncertainty, immigration policy and the UK’s investment landscape may influence the decisions of High-Net-Worth individuals.

The article, “What will Andy Burnham’s premiership mean for UK wealth?”, explores the potential impact of future tax reforms on wealthy individuals and international investors, with contributions from a number of industry experts. As part of the feature, Luxury London highlighted Roger’s concerns regarding the uncertainty created by continual changes to the UK’s fiscal landscape, including his observation that:

“The knee-jerk reactions of this Government in continually moving the fiscal goalposts gives very little security to those thinking of coming to the UK and to those who are still here”.

The article also referenced Roger’s view that many High-Net-Worth individuals have already left the UK following the abolition of the non-dom regime, whilst others are actively considering relocating as they await further tax reforms.

Read the full article in Luxury London – What will Andy Burnham’s premiership mean for UK wealth?

Roger Gherson’s full insight: why tax certainty matters for High-Net-Worth individuals considering the UK

“The biggest problem for Ultra-High-Net-Worth individuals is the lack of certainty which this Government has created. UHNWs looking to establish themselves in any country require safety, security and an understanding of how the fiscal rules and regime will be applied to them. The knee-jerk reactions of this Government in continually moving the fiscal goalposts gives very little security to those thinking of coming to the UK and to those who are still here. We have already seen a large number of UHNW individuals and their families leave as a result of the abolition of the non-dom scheme, and we know there are others who are thinking of doing the same. I’ve been speaking to bankers who tell me there are currently a large number of individuals who may not necessary be classified as UHNWs but who are nevertheless actively moving funds abroad and considering relocating in September or October of this year in anticipation of sweeping increases in tax and duty rates.

There is speculation that income tax will increase by 5%, Capital Gains Tax will go up to 45% and there will be a new wealth tax. None of this is encouraging with respect to UK immigration. There appears to be little willingness to introduce a new Investor Visa accompanied by a tax break in order to encourage High-Net-Worths to come here in the first place and/or to try and persuade those who have left to return. As things stand, there is no suitable visa category for an entrepreneur or investor to come to the UK if they do not wish to be employed. This cannot be good for the country, the economy or its future”.

 ©Gherson 2026