RESIDENCE AND DOMICILE

In today’s global economy, individuals need to understand their exposure to UK Tax and National Insurance as they come to or leave the UK, or divide their time between two jurisdictions.

The Statutory Residence Test (SRT) has been in force since 6 April 2013.  It applies a series of tests taking into account days spent in the UK and overseas, work patterns and connections with the UK, in order to establish your UK residence position for a given tax year.

The SRT is complex but, if followed correctly, provides certainty as to your UK residence status.  We can assist you in establishing how the rules apply to your individual circumstances.  It is also important to consider your domicile status in establishing your exposure to UK taxes.  If you are not domiciled in the UK, you may be able to benefit from a number of tax advantages.

We also offer advice in the following areas:

• Establishing your actual and deemed domicile status
• Confirming your position under the SRT
• Claiming the remittance basis and paying the Remittance Basis Charge
• Double tax relief claims, including foreign tax credits and treaty exemption
• Tax planning around your Residence and Domicile status
• National Insurance obligations on coming to or leaving the UK
• Non-Resident Capital Gains Tax
• Non-Resident Trusts 
• Excluded Property Trusts

  Residence and domicile - your status affects the amount of tax you pay