Budget 2015: the key points in Tory plan for the economy

July 8, 2015 1:46 PM

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Mr Osborne said abolishing non-dom status altogether would "probably cost the country money", but his plans would bring in an extra #1.5 billion in revenue.

"Many of these people make a considerable contribution to our public life and to tax revenues," he said. "But there are some fundamental unfairnesses ... It is not fair that people who are born in the UK to parents who are domiciled here, can later in life claim to be non-doms and live here.

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