British Expats And The Statutory Residence Test
Tax residence is not an issue that most of give much thought to. As a British taxpayer you are subject to tax on your worldwide income and any capital gains unless you are not UK resident. So when you spend all or part of the year abroad the issue comes in to sharp relief as...
Tax And Residence Rules For British Expats
You can still be liable for UK income tax even if you think you are safely non-resident. Make sure you pass the statutory residence test, writes Iain Yule. The UK’s statutory residence test is a welcome development after the old system, say advisers at expat specialists Blevins Franks, and provides much more certainty. However for...
I Want To Be UK Tax Resident
In February 2015 I received my UK residence permit. I am married to a UK resident and now live in the UK. I own a holding company based in Canada from which I earn dividends. I have not received any dividend income since arriving in the UK and I have filed my 2014 return with...
Contractor Or Company?
I have (I think uniquely) been paid like an employee by my company as I travel between international assignments. They say they can no longer do this. Can I remain UK non-resident and would it be better to bill them directly as a contractor or set up a UK company to manage my finances? Adam...
Musician Wants To Change His Tax Tune
We specialise in business management for international recording acts etc. We recently had a question from a UK citizen relocating to Canada as a permanent resident. Can he sever his UK residency and file taxes in Canada until his return? “In short, it is possible for your client to sever their UK tax residency,” says...
British Expats: Keep Records Which Show Non-Residence
With tough new statutory residence test rules, British expats have to make sure of their status by keeping careful travel records. The issue of where you are resident for tax purposes can be more complicated than many people realise, say expat advisers Blevins Franks. If you get it wrong, you could face a tax investigation....
UK Taxes on Income from the UK and Overseas?
I’ve been offered a post in the Middle East but I’m unsure what my tax position is. I have a property I own and one I rent. As I still have liabilities in the UK, with grown up children and standing bills to pay on my own house, I will need to repatriate money each...