E-Books →Tax Planning & The Statutory Residence Test 2021-2022

Tax residence is a key issue in determining the scope of your income and capital gains subject to UK tax.
The Statutory Residence Test ("SRT") applies from April 2013 and aims to provide a comprehensive method of clearly establishing when an individual will (and won't) be UK resident.
Before April 2013 determining your residence status mainly depended on applying HMRC practice and various court decisions to your own circumstances.
Nevertheless, the Statutory Residence rules are not necessarily straightforward to apply. In this guide we provide detailed guidance as to how the new rules apply and the tax planning opportunities available.
Some of the key topics covered include:How to maximise your days in the UK without being UK residentHow to take advantage of the specific exemptions provided in the SRTDetailed analysis of UK accommodation and its importance under the SRTWhen you can and can't have a UK homeAvoiding UK ties under the "Substantial Ties" testTax planning for anyone working overseas or in the UK under the SRTThe impact of overseas homes under the SRTHow to establish your main home as overseasHow to structure visits back to the UK tax efficientlyHow the new "exceptional days" provisions workChanges arising from the COVID-19 pandemicWhen you can qualify for the split year basisHow the split year basis applies to fiscal nomadsHow to avoid being caught by the new "deemed days" provisionsFiscal nomads and the establishing non residence under the SRTWhen and how to use the SRT in earlier yearsWhy your spouse's residence can have a big impact on your tax residenceUsing a UK double tax treaty to work in the UK free of UK income taxAnd much more...