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The reality: part 1

© Copyright LexisNexis 2024. All rights reserved.

10 September 2013 / Anne Redston

Issue: 4419 / Categories: Comment & Analysis , Residence & domicile

A demonstration of how the new residence rules will work in practice

KEY POINTS

Action to take to see whether someone is non-UK resident.
Small things can affect the outcome.
Variations on the rounding rules.
Definition of a significant break.

The new residence rules took effect from April 2013. This is the first of two articles which aim to explain the rules as they will really apply by using a series of worked examples. The second article will be published within the next few weeks.

All references are to FA 2013 Sch 45 unless otherwise stated. Readers are advised that the legislation is new and that these two articles represent my best view of the position. Any comments improvements or arithmetical corrections are welcome. None of the examples consider the National Insurance position.

Examples

In all three examples a young...

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The reality: part 1

© Copyright LexisNexis 2024. All rights reserved.

10 September 2013 / Anne Redston

A demonstration of how the new residence rules will work in practice

KEY POINTS

Action to take to see whether someone is non-UK resident.
Small things can affect the outcome.
Variations on the rounding rules.
Definition of a significant break.

The new residence rules took effect from April 2013. This is the first of two articles which aim to explain the rules as they will really apply by using a series of worked examples. The second article will be published within the next few weeks.

All references are to FA 2013 Sch 45 unless otherwise stated. Readers are advised that the legislation is new and that these two articles represent my best view of the position. Any comments improvements or arithmetical corrections are welcome. None of the examples consider the National Insurance position.

Examples

In all three examples a young...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.

Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

Issue:

4419

Categories: Comment & Analysis [1] , Residence & domicile [2]

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