residence and non residence Archives - Whitefield Tax - Isle of Wight Accountants

The end of non-domicile status

by Jessica Garbett | Jun 17, 2025 | ACCA, business taxation, capital taxation, HMRC, personal taxatation, residence and non residence

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts. The content is (c) ACCA Exploring the new residence-based tax regime Finance Act 2025 makes major changes to the tax rules for ‘non-doms’. From 6 April 2025, the...

Inheritance tax for non-domicile status

by Jessica Garbett | Apr 24, 2019 | ACCA, capital taxation, residence and non residence

Right elections can minimise the impact of inheritance tax charge and increase family wealth. Inheritance tax (IHT) charges are based on domicile status. Domicile is a common law concept and is not defined in statute for tax purposes. Broadly, it is where an...

Non-resident property surcharges

by Jessica Garbett | Apr 10, 2019 | ACCA, capital taxation, property taxation, residence and non residence

he Stamp Duty Land Tax: non-UK resident surcharge consultation is open for comment until 6 May. It introduces the concept of a SDLT surcharge for non-UK resident individuals and certain non-natural persons purchasing residential properties in England and Northern...

Capital gains tax – non-resident individuals

by Jessica Garbett | Feb 22, 2016 | ACCA, capital taxation, property taxation, residence and non residence

Guidance on calculating taxable gain or loss. From 6 April 2015, a non-resident individual needs to inform HMRC if they have sold or disposed of UK residential property. The return is due within 30 days of conveyance and must be done electronically. The disposal...

Statutory residence test

by Jessica Garbett | Feb 3, 2016 | ACCA, personal taxatation, residence and non residence

UK residence and domicile status is important in order to determine an individual’s liability to UK taxes. As a general rule taxpayers who are resident in the UK in a tax year are subject to UK tax on their worldwide income, while non-resident individuals are subject...

A guide to the statutory residence test

by Jessica Garbett | Oct 5, 2015 | ACCA, HMRC, personal taxatation, residence and non residence

How to determine status under the statutory residence test. A Statutory Residence Test (SRT) was introduced with effect from 6 April 2013, the aim of which is to provide more certainty in determining whether a person is regarded as resident or non-resident for UK tax...

« Older Entries

The end of non-domicile status

Inheritance tax for non-domicile status

Non-resident property surcharges

Capital gains tax – non-resident individuals

Statutory residence test

A guide to the statutory residence test

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