New Times,
New Thinking.

  1. Politics
30 November 2009

Zac Goldsmith denies ‘dodging’ tax

Tory candidate insists he derives "very few benefits" from non-domicile status

By Staff Blogger

Zac Goldsmith, the prospective Conservative MP and prominent environmentalist, has defended himself from criticism after it emerged that he claimed non-domicile tax status.

Goldsmith, who is estimated to be worth £200m, insisted that he derived “very few benefits” from his non-domicile status, which allows him to avoid paying tax on earnings outside of Britain.

The Liberal Democrats have called on David Cameron to strip Goldsmith of his position as a parliamentary candidate.

The party’s Treasury spokesman, Lord Oakeshott, said: “He’s not fit to sit in Parliament when he’s claimed non-dom status all his life to keep his offshore hundreds of millions free of income, capital gains or inheritance tax.”

But Goldsmith, who inherited a fortune from his industrialist father, Sir James Goldsmith, denied suggestions he had “dodged” tax and said he had already decided to relinquish his non-domicile status.

Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.

He said: “Despite having been non-domiciled because of my father’s status, I have always chosen to be tax resident in the UK. Virtually everything I do is in the UK and therefore virtually all my income comes to the UK where I pay full tax on it.

“I do not derive any benefits as far as either capital gains tax or inheritance is concerned since I am registered for the latter in the UK. Because of my own choices, the non-domicile status has delivered very few benefits. I have, in any event, already decided to relinquish it.”

Goldsmith, who is standing in Richmond Park and North Kingston in west London, will be seeking to win the seat from the Liberal Democrats at the next election.

Follow the New Statesman team on Twitter

Content from our partners
The power of place in tackling climate change
Tackling the UK's biggest health challenges
"Heat or eat": how to help millions in fuel poverty – with British Gas Energy Trust

Topics in this article : ,