Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

 

Term of the day

non-dom

A non-domicile or non-dom is a UK resident whose permanent home is outside the UK, even though the individual was not born in the country. The person's residence is the country where his or her father was born, meaning it is possible to inherit a non-dom status.

 

non-dom in the news

In the UK Summer Budgert 2015, the government announced that permanent “non-dom” tax status is to be abolished as part of a crackdown on “fundamental unfairness” in the tax regime for wealthy foreigners, in a move the...