What Dubai Professionals Need to Know
There are discussions happening in the UK right now about introducing a new 20% tax on certain assets when someone leaves the UK to live abroad. This is being called a “settling-up charge.”
What does that mean in simple terms?
Right now, if someone leaves the UK and moves somewhere like Dubai, they can:
This is one reason many people choose to move abroad when they want more control over how they manage their wealth.
What could change?
The UK government is considering a rule where:
If you leave the UK, you may have to pay 20% tax on the value of your business or investment gains before you go.
Even if you plan to sell later.
This is not definite yet, but the Treasury is actively reviewing it.
They also acknowledge the risk:
So if this goes ahead, it could be introduced suddenly, without long warning.
Why this matters to Dubai-based professionals
Many professionals in Dubai:
This rule could mean:
For families, entrepreneurs, or anyone planning long-term wealth, this matters
Example (kept very simple)
Today (current rules):
You move to Dubai → Sell your UK business shares → Pay 0% UK capital gains tax (in many cases).
If the new rule is introduced:
You move to Dubai → Before you sell → The UK charges 20% tax on the gain you built while you lived in the UK.
Who is likely to be affected most?
If your wealth is tied into company shares, equity, or business value, this matters.
Why the UK is doing this
Most G7 countries already charge some form of exit tax.
The UK is currently one of the few that doesn’t.
This new rule could raise around £2bn per year for the government.
What you should consider (simple, not advice)
Final Thought
If you live in Dubai—or are thinking about moving here—your tax situation may change over the next year if these rules go ahead.
This is one of those topics where understanding your structure early makes a huge difference later.
Helping UAE-Based Professionals Build Smart, Portable Wealth
I’m James Farrell, a UK-born wealth consultant based in Dubai. I work with ambitious expats and…
Post articles and opinions on San Francisco Professionals
to attract new clients and referrals. Feature in newsletters.
Join for free today and upload your articles for new contacts to read and enquire further.
