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i don't know who needs to hear this but:
you do not need to stay 6 months of the year in dubai, that is a myth. you need to visit once every 6 months to maintain residency. you only need to be aware of over-staying in other countries, which typically means more than 184 days/yr
16.7.2025
If labour introduce a wealth tax, I’m leaving for Dubai with many of my other millionaire friends
Let’s make this absolutely clear, there are already many wealth taxes:
Inheritance tax is a wealth tax because only the richest 4% pay it
Between £100k & £125K your effective tax bracket is 60%
Capital gains tax is 28% for the wealthy homeowners, & 20% for the wealthy asset holders
Stamp duty is 12% for wealthy individuals & 15% for companies
And virtually all taxes are progressive in the UK; the more you earn the more tax you pay
So no, I won’t stand for a (another) wealth tax, and nor should you
(Even if you’re not wealthy because you’ll end up footing the bill when all the millionaires leave)
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