|
|
  |
|
|
|
Full Registered User
Join Date: Oct 2007
Posts: 15
Thanks: 2
Thanked 4 Times in 4 Posts
Groaned others: 1
Groaned at 0 Times in 0 Posts
Rep Power: 0
|
Third attempt to post this!
The area of non-residency is far from black and white and I would advise using the knowledge of a specialist accountant in this field (I can suggest a couple if you are interested). The key is to satisfy all the criteria of non-residency, however even then it is not guaranteed that you will not pay tax (a few recent cases have shown this)!
www.hmrc.gov.uk/cnr/faqs_general.htm is good for a heads up.
To clear up any confusion (or add to it!), as I understand if you have satisfied the criteria and leave after 5th April (eg August), the time from the 5th April to when you become non-resident (eg August) is still liable for tax and that year will then be a “split tax year.” This is also the case if an individual returns to the UK having been non-resident.
Impossible to cover in one post!!!!
|
|
|