UK Residence: Greater Certainty In The Works
An individual’s UK tax residence status has a significant bearing on the amount of income and gains that is taxable in the UK.
Somewhat surprising then is the fact that the United Kingdom does not have a clear definition of UK tax residence. The current definition rests primarily on court decisions from legal cases over a long period of time. This has resulted in a vague system that is somewhat subjective in nature, especially for those who travel to and from the UK frequently or have certain connections to the UK…
David A. Roberts, Managing Director in the New York office of WTAS LLC, has over 20 years of experience in working with international high net worth individuals and families on tax and financial matters. His practice area includes planning and compliance for pro-immigration and expiration, U.S. taxpayers residing overseas, inbound U.S. investments and planning for multijurisdictional families with U.S. connections. He qualified as a tax professional in the United Kingdom and has worked in the UK, Singapore, Miami and New York during his career.
Metropolitan Corporate Counsel (December 19, 2011)
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