For British expatriates, or those spending a significant period of time overseas, the issue of residence is an important topic.
Simply moving abroad to avoid UK tax is an outdated concept, and in recent years careful attention has been focused on those wanting to adopt or maintain UK non-resident status.
The Statutory Residence Test (SRT) was established by the UK’s tax body – HM Revenue and Customs – to provide a framework of who qualified for UK non-resident status.
This guide takes a look at the Statutory Residence Test and explores what you need to know if you are living and working abroad and are keen to understand your exposure to UK tax.
What you’ll learn in this guide:
-
How the Statutory Residence Test works
-
Why it’s important for British expats to understand
-
The steps which the Statutory Residence Test involves
-
How the amount of time you spend in the UK could affect your tax status
-
What other factors, including work and property, could impact your UK tax bill
-
When and how exceptional circumstances apply
-
How it’s possible to ‘split’ your UK tax status if you are leaving or returning to the UK
-
The importance of record keeping
PDF Here
Please complete the form to
