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15 Jun 2009
Wealthy Brits who live offshore part of the year and enjoy tax-exempt 'non-resident' status will be in for a rude shock with new Revenue guidance on achieving non-resident status, The Times reported.
Non-resident status is normally granted to those who spend no more than 90 days a year in the UK after moving abroad. Non-residents do not pay any UK income or capital gains tax on overseas income or gains.
Now, HMRC advises that non-residents' lifestyles will be examined to see if they retain strong association with Britain in assessing whether they should be exempt from UK tax.
Revenue has not given details of factors it will consider in assessing lifestyle 'assocations' but lawyers advise retaining a UK property, carrying out work in the UK on a regular basis or maintaining strong social ties, such as membership of a club or society might be used.
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Visitor comments Add your comment
Typical HMRC/Goverment
I understand that there are a numerous amount of people who tread a fine line and live in isle of man/Jersey who continuously fly in to Uk to enjoy the benefits of the UK....however what right does this give to the UK goverment to tax someone who is not going to be using any of the public amenities such as roads, NHS etc. To me it shows an ever increasing take take take attitude of this out of date Debt ridden goverment.
Are they doing this as more and more people are being forced to move abroad as we are being over taxed in UK as it is. Not just income tax but all the stealth taxes, NI, fuel, VAT, capital gains, stamp duty, road tax, etc etc - the fact is this goverment is taking the mick out of everyone and cant baudget - and is thus forced to squeeze & squeeze.
Posted by: J Elliot, 15 Jun 2009 | 00:00
90-day tax rules
Nobody seems able to tell me whether it is 90 days in a calendar year or in a fiscal year.
Any reliable input on this?
Posted by: Frances, 13 Aug 2009 | 00:00