Billionaire James Dyson Switches Residency Back to UK from Singapore
23rd April 2021 | Singapore
British billionaire James Dyson, who in 2019 had relocated Dyson headquarters from United Kingdom (UK) to Singapore, has switched his residency back to UK from Singapore.
” British Billionaire James Dyson Switches Residency from Singapore to UK “
James Dyson
In 2019, James Dyson had relocated to Singapore, switched Dyson Headquarters to Singapore and setup a family office thereafter in Singapore. He is also involved in 2 of the highest profile property transactions in Singapore by buying a 3-storey Penthouse for $54 million in 2019 and selling for $47 million in 2020, and buying a $37 million 15,000 square feet bungalow that overlooks UNESCO World Heritage site Singapore’s Botanic Garden.
James Dyson is the founder of Dyson and inventor of Dyson vacuum cleaner. In 2021, he is estimated to have a personal fortune of around $10 billion.
In April 2021, BBC reported James Dyson and UK Prime Minister Boris Johnson had exchanged messages in March 2020 at the beginning of Covid-19. The texts included James Dyson getting assurance from UK Prime Minister Boris Johnson that his staffs will not face a change in their tax situation, if they were to return to UK to assist in making ventilators.
UK & Singapore Tax Rates
UK income tax rate is at 45% for above £150,000 while Singapore income tax rate is at 22% for above $320,000.
UK Income Tax Rate
| Taxable income | Tax rate (%) |
| Up to £12,570 | 0% |
| £12,571 to £50,270 | 20% |
| £50,271 to £150,000 | 40% |
| over £150,000 | 45% |
Singapore Income Tax Rate
| Chargeable Income | Tax Rate (%) |
| First $20,000 | 0% |
| Next $10,000 ($20k onwards) | 2% |
| Next $40,000 ($30k onwards) | 3.50% |
| Next $40,000 ($40k onwards) | 7% |
| Next $40,000 ($80k onwards) | 11.50% |
| Next $40,000 ($120k onwards) | 15% |
| Next $40,000 ($160k onwards) | 18% |
| Next $40,000 ($200k onwards) | 19% |
| Next $40,000 ($240k onwards) | 19.50% |
| Next $40,000 ($280k onwards) | 20% |
| In excess of $320,000 | 22% |
Related:
- British Billionaire James Dyson Buys Singapore Penthouse at $54 Million in 2019, Sells for $47 million in 2020
- South Korean Billionaire & Chairman of Kakao Kim Beom-Su to Give More than Half His $10 Billion Fortune Away
- Billionaire & Google co-Founder Sergey Brin Setup Family Office in Singapore
- Billionaire & Founder of Hedge Fund Renaissance Technologies James Simons Retires
- Top Hedge Fund Manager and Billionaire Ray Dalio Setup Family Office in Singapore
- Philippines Billionaire and San Miguel Former Chairman Eduardo Cojuangco Died at Age 85
- Macau Billionaire & Casino Tycoon Stanley Ho Died at Age 98
Tax
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
- Learn More | Caproasia Users
- About Us | Caproasia Platforms, Events, Membership, Users
- Caproasia.com | You are already here
- Caproasia Access | Access to All Platforms, Events, Information, Services
- The Financial Centre | Find Private Banks, Family Office Services, Hedge Funds
- The Membership | Join a Powerful Network
- The 2022 Investment Day | $250k to $10 million per Placement
- Investor Relations Network | Join a Powerful Network
- Family Office
- Professional Investor
- Professional Investor Partnership
- HNW Investor Partnership
- Monthly Investment Day
- The Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
- Caproasia User
- Family Office Circle
- Family Office Networking
- Family Office Roundtable
- The 2021 / 2022 Family Office Summit
- The 2022 Family Office Summit
- The 2022 Private Wealth Summit
- The 2022 Investment Summit
- The 2022 CEO & Entrepreneur Summit
- The 2022 ESG / Sustainable Investment Summit
- The 2022 Capital Markets Summit
Caproasia.com | The leading financial website for investment managers, professional investors, UHNW & HNW investors and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia is a financial information technology co. founded in 2014. We have 4 businesses in Media, Information, Services and Technology. We created 3 solutions: Membership, Events & Platforms to drive investment decisions in Asia through information, services, technology & people, that impact economies, societies & people. Our Mission: Driving the future of Asia For 2022 Investment Day: mail@caproasia.com For Family Office, Professional Investor, HNW Investor Events: mail@caproasia.com For Membership, Events, Networking, Roundtable, Summits: mail@caproasia.com For Investment Relations Network: mail@caproasia.com For Platforms, Media Kit, Advertising, Campaigns, Partnerships: angel@caproasia.com For press release: press@caproasia.com For all other enquiries: mail@caproasia.com
