Parkside Mortgages

UK Tax Residency explained

The rules on tax residency in the UK are primarily determined by the Statutory Residence Test (SRT), which establishes whether an individual is a tax resident in the UK for a given tax year. The SRT consists of three main parts:

  1. Automatic Overseas Tests
  2. Automatic UK Tests
  3. Sufficient Ties Test

1. Automatic Overseas Tests

You are automatically considered non-resident for the tax year if you meet any of the following conditions:

2. Automatic UK Tests

You are automatically considered UK resident for the tax year if you meet any of the following conditions:

3. Sufficient Ties Test

If neither the automatic overseas nor automatic UK tests are conclusive, the Sufficient Ties Test is used. This test considers the number of ties (connections) you have to the UK and the number of days you spend in the UK during the tax year. The ties include:

Days and Ties

The number of ties required to be considered a UK resident depends on how many days you spend in the UK:

Split Year Treatment

In certain situations, a tax year can be split into a UK part and an overseas part. This usually applies if you either:

Domicile

Domicile is different from residency and relates to the country you consider your permanent home. It can impact how you are taxed on foreign income and gains.

Double Taxation Agreements

The UK has double taxation agreements with many countries to prevent individuals from being taxed twice on the same income.

In summary, the UK’s tax residency rules are complex and determined by various tests considering the number of days spent in the UK and other significant ties. It is advisable to consult a tax professional or use HMRC’s guidance for specific situations.

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