An article in the UK’s Times newspaper flagged how several Britons are relocating to Malta for tax-related reasons.The report said interest in relocating to Malta has risen since the UK’s Labour government abolished the nom-dom status, which had allowed UK residents domiciled outside the country to benefit from favourable tax treatment.It highlighted schemes like the Malta Global Residence Programme, which offers Britons and other non-EU nationals a flat 15% tax rate on any income, including pensions, remitted to Malta.With tax-free gains from overseas assets, no inheritance, wealth, estate or capital gains tax, and access to Malta’s state healthcare, the scheme was described as particularly attractive.To qualify, applicants must purchase a property in Malta of at least €275,000 or rent somewhere for no less than €9,600 a year (€800 a month), making it very accessible for many wealthy Britons.Tax advisor Jamie Favell told the Times that their wealthy clients have grown very unsettled at the UK’s changing tax landscape and many are considering leaving the country.“They had the abolishment of the non-dom tax regime, now there is so much speculation about exit taxes and taxes increasing generally – they are looking at their options and a lot are considering leaving,” he said.“The more tax changes the government makes, the more wealth they are going to drive out of the UK.”Other positives for Malta highlighted in the report include its “straightforward” taxation system, the fact that English is an official language, and the relatively affordable price of private schools when compared with the UK.In fact, Louise Salmond Smith, the founder of Haileybury Malta, a British international school, said there had been a clear rise in enquiries and applications from British families over the past year.“Families are generally fond of the UK, but are not inclined to live there at the moment,” she said, “The cost of living versus the quality of life is often, perhaps usually, cited as a reason to think about moving elsewhere, and many say they don’t think things are likely to improve very soon.”The article also quoted Louise Burley, a 46-year-old Briton who moved from Wakefield to Ta’ Xbiex with her husband Kevin.“I don’t think we could have coped with being in the UK much longer,” she said. “We were getting squeezed everyday, taxed on everything. We have a couple of houses we rent out and there’s hardly any point in keeping them.”•