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UK Proposes One-Year Residency Rule for Large Political Donations
The measure would require donors to live in the United Kingdom for at least one year before contributing more than £100,000. It targets offshore political finance and would affect parties that rely on recent returnees.
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The change is part of a broader effort to limit offshore political finance. Officials say the residency requirement would close a route used by individuals who return to the UK and make large contributions shortly afterward.
The £100,000 threshold would apply to any single donor in a calendar year. Donations below that amount would remain unaffected by the new residency test. The measure would also apply to donations routed through overseas entities if the ultimate source of funds is traced to an individual who has not met the one-year residency standard.
Party officials have not commented on how the rule would alter future fundraising. Other parties that draw large gifts from recent returnees could also see reduced access to overseas-linked contributions if the proposal becomes law.
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