.png)
.png)
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...
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.
