Lee Hadnum

Tax Planning for the Statutory Residence Test: 2014/2015 Lee Hadnum

The Statutory Residence Test ("SRT") applies from April 2013 and aims to provide a comprehensive method of clearly establishing when an individual will (and won't) be UK resident.

Before April 2013 determining your residence status mainly depended on applying HMRC practice and various court decisions to your own circumstances.

Nevertheless, the Statutory Residence rules are not necessarily straightforward to apply. In this guide we provide detailed guidance as to how the new rules apply and the tax planning opportunities available.

Some of the key topics covered include: How to maximise your days in the UK without being UK resident How to take advantage of the specific exemptions provided in the SRT Detailed analysis of UK accommodation and its importance under the SRT When you can and can't have a UK home Avoiding UK ties under the "Substantial Ties" test Tax planning for anyone working overseas or in the UK under the SRT The impact of overseas homes under the SRT How to establish your main home as overseas How to structure visits back to the UK tax efficiently How the new "exceptional days" provisions work When you can qualify for the split year basis How the split year basis applies to fiscal nomads How to avoid being caught by the new "deemed days" provisions Fiscal nomads and the establishing non residence under the SRT When and how to use the SRT in 2012/2013 and earlier And much more...!