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<a href="http://www.accessmylibrary.com/article-1G1-145530761/walk-park-thanks-generous.html" title="Facts and information about A Walk In The Park; Thanks to generous tax laws, nomads like to call London home.(Cover story)(Brief article)">A Walk In The Park; Thanks to generous tax laws, nomads like to call London home.(Cover story)(Brief article)</a>
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A Walk In The Park; Thanks to generous tax laws, nomads like to call London home.(Cover story)(Brief article)
Byline: Rana Foroohar
London has long been a hub for wealthy expatriates. Its proximity to the United States, Asia and the Middle East make it perfect for globe-trotters. It's got culture, history and some of the world's most gorgeous real estate. And, not coincidentally, it serves as an unbeatable tax haven.
While Britain's tax rates are high compared with America's, it has a loophole for "non-domiciled" residents born outside the country. As long as they spend fewer than 183 days in the U.K. each year, and meet certain requirements regarding property ownership and years in the country, they needn't pay taxes on ...
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