Establishing Non UK residence in 2007
If, like many others you are planning on leaving the UK to live abroad (for whatever reason), one of the main tax issues you should be looking at is your UK residence status.
If you can lose UK residence this takes you out of the UK tax net for a number of different tax purposes so it's well worth considering.
In the past the Revenues published guidance in their helpsheet was relied on by many taxpayers. To give you a flavour of what they looked at here's an extract:
Many people interpreted this as essentially a case of counting days spent in the UK.
However over the last couple of years the Revenue have been looking at this very closely and have have clamped down on what they see as abuses of the residency provisions. In particular they've looked at an individuals ties with the UK as well as the duration of visits in the UK.
The upshot is that establishing non UK residence shouldn't be viewed as an exercise in counting days spent in the UK and it's important to look at the extent of any ongoing ties with the UK. Check out this article on Establishing Non UK residence in 2007 that is available to members.
Many people interpreted this as essentially a case of counting days spent in the UK.
However over the last couple of years the Revenue have been looking at this very closely and have have clamped down on what they see as abuses of the residency provisions. In particular they've looked at an individuals ties with the UK as well as the duration of visits in the UK.
The upshot is that establishing non UK residence shouldn't be viewed as an exercise in counting days spent in the UK and it's important to look at the extent of any ongoing ties with the UK. Check out this article on Establishing Non UK residence in 2007 that is available to members.