.png)
.png)
Must UK taxpayers be resident somewhere else to be not resident in the UK?
A husband and wife are planning to retire and sail around the world indefinitely. At present they are not planning to return to the UK nor are they particularly thinking of mooring up anywhere permanently. They are selling their home and will be living off their UK investment income – property bonds and such like. They have grown-up children who will remain living and working in the UK but the parents have no further plans to work.
They plan to start their adventure in March 2016 from Turkey where their yacht is moored sail around the Mediterranean for a few months then on to the Canaries and across the Atlantic to the Caribbean during the “weather window”.
HMRC’s guidance notes (RDR3) indicate that they will be UK residents until March 2016. They may meet the first overseas test from 2016/17 and will not meet...
