Sir Norman Foster resigns peerage to go non-dom
Non-dom sagas continue among members of the House of Lords
In a drastic move architect Sir Norman Foster, the man behind the design of
the Gherkin in London, has resigned his peerage in order maintain his
non-domiciled status for tax purposes.
He is reported to be the fifth peer to leave the House of Lords in order
continue with their non-dom tax arrangements, according the
The
Independent.
Under the Constitutional Reform and Governance act Foster could was not
permitted to continue as a peer and be a non-dom.
Earlier in the week Lord Ashcroft, the Tory party Treasurer, gave up his
non-dom status to continue in the Lords.
Read more:
Lord
Ashcroft and his non-dom status