US Wealthy, British Expats Tempted Back by UK’s Tax Break Shift

Wealthy Americans, British expats, and entrepreneurs are viewing the UK’s new four-year tax break as an opportunity to move—or move back—to the country, according to tax and immigration professionals.

The foreign income and gains regime, which took effect in April, lets those moving to the UK after at least a decade elsewhere, to claim tax relief for foreign income from business and property, dividends and interest payments the first four years of their UK residency.

This could be seen as a nine-year tax planning opportunity, some practitioners said.

“We are getting a lot of inquiries from founders, venture ...