UK TAX RESIDENT ASSESSMENT
NON-RESIDENT AND SPLIT YEAR PLANNING FOR EXPATS
Relocating overseas and want to change your resident status? Our UK residency test service will determine thresholds you must manage such as midnights, workdays and personal ties to achieve your desired resident status.
UK TAX RESIDENT STATUS
The Statutory Residence Test (‘SRT’) determines whether you are resident or non-resident for a particular tax year.
If you move abroad during the tax year, you may be eligible for split year treatment.
Our resident assessment will enable you to manage your travel pattern, work pattern and ties to the UK so that you can take the necessary steps to achieve your desired resident status.
Midnights
Our memo will outline the number of midnights you can spend in the UK.
Work pattern
Our memo will outline the number of workdays you can exercise in the UK.
Ties
Our memo will outline the ties / connections you can maintain in the UK.
WHAT IS THE RELEVANCE OF MY RESIDENT STATUS?
Your resident status determines what sources of incomes and gains you pay tax on to HMRC.
UK domiciled resident
UK domiciled residents pay tax on worldwide incomes and gains.
Non domiciled resident
Non dom residents can elect to exempt foreign incomes and gains from taxation.
Non-resident
Non residents pay tax on UK sourced incomes and UK property gains.
WE’RE READY. ARE YOU?
Tired of countless Google searches about residency?
GTC can provide a memo detailing the steps you need to take to achieve your desired resident status through managing midnights, workdays, accommodation access, ties and more.
RESIDENCY FAQs
What is the Statutory Resident Test?
The Statutory Resident test is tax legislation that determines an individuals resident status in a particular tax year.
To determine your resident status, you must work through a series of tests, split into three categories. The three categories are ranked in priority starting with 1) the automatic non-resident tests, then 2) the automatic resident tests, then 3) the sufficient ties test.
Once your personal circumstances and travel pattern satisfy one of the tests, this will conclude your resident status for the tax year in question.
What is the standard turnaround time for the assessment?
We will provide the resident assessment to you within 10 working days upon receipt of complete information.
Does the resident assessment include countries other than the UK?
No, the assessment will review your position in the UK only. If you are resident in multiple countries, we can review the international position, to determine which country has primary taxing rights, for an additional fee.
I’m leaving the UK, can you help?
If you are relocating abroad, it is essential that you manage your travel pattern and personal circumstances so that you can exit the tax system upon departure. This will enable you to minimise UK tax exposure while you’re abroad. As a starting point, UK sourced incomes will continue to be taxable in the UK however, you may be able to rely a on the UK’s network of double taxation agreements to completely remove the UK’s taxing right of your UK sources incomes.
I’m moving to the UK, can you help?
If you are relocating to the UK, it is essential that you manage your travel pattern and personal circumstances so that you can enter the tax system upon arrival, rather than at the beginning of the tax year. Upon entering the UK tax system, should you wish to exempt foreign incomes and gains from taxation, wealth/bank structuring advice should be explored to ensure the exemption benefits are retained throughout your period of residence in the UK.
What are GTC’s resident assessment fees?
Our minimum resident assessment fee is £250.
Our fees are disclosed in our engagement letter and scope of services and you will only be charged if you decide to proceed with our services.