New rules regarding whether an individual is resident in the UK for tax purposes come into force in April 2013.
There will be 3 tests to determine whether an individual is resident in the UK:
- The "automatic overseas test"
- The "automatic residence test"
- The "sufficient ties test"
Whist the new rules will provide a great deal of certainty to individuals regarding their tax position there are still some areas that need to be avoided. If you are considering leaving the UK during the next 12 months or you are currently non resident but wish to make sure you do not fall foul of the new legislation contact Peter Way-Rider on 01244 343504 for further advice and assistance.
