13th January 2014
Individuals coming to or leaving the UK, whether for long-term or shorter stays, should consider how they may be affected by the new UK tax residence rules which came into effect from 6 April 2013.
Unlike the previous rules, which were based on uncertain law, the new rules have been written into statute law known as the Statutory Residence Test (SRT). The purpose of the SRT is to provide a straightforward series of tests that will enable individuals in most situations to determine with certainty whether or not they are resident in the UK for UK tax purposes.
The general effect of the SRT is that it is now going to be more difficult in many cases to become non-resident if an individual keeps their ties with the UK after leaving, and it will become easier in many cases for individuals coming to the UK to become UK-resident...