Chapter 5 Flashcards
what is residence
wher ethey recide - recieve taxation - status of individual in tax year
what is domicile
country of orgin/ home
what is automatically not a resident of th euk
or fewer than 16 days in the
tax year;
not resident for any of the previous
three tax years and is in the UK for fewer than 46 days in
the current tax year;
- an individual who works full-time overseas provided that - – are in the UK for fewer than 91 days - 31 days in the tax year working in the
UK
what qualifies automatically as a resident in the UK
in the UK for 183 days or more in the
tax year;
e UK home for at least 91
consecutive days, of which at least 30 days are within
the tax year, and be present in it on at least 30 days
during the tax year.
what ar eth uk ties
having accommodation in the UK
spouse/civil partner
doing substantive work in the UK: this is defined as
working for 40 or more days during a tax year
spending more than 90 days uk
s[ending more time in uk than otehr country
is it possible to have dual domicile under uk law
no
in terms of smithy whos dad is english, mum is chinese what domicile does he get
english - they inherit th efathers domicile status
whjen does domeicile follow the relvant person
to the age of 16
before 1974 if the wife married an english man and shes spanish what domcile does she recieve
englishj
can you choose domicile
yes - cut all ties - intention of permanetly moving
what if teh children are illigetmate - and biorn after the death of mother
they take mothers
what makes them deemed doicile
spent 15 of the previois 20 tax years here
born in the UK with a UK domicile of origin and
return to the UK
for IHT purposes how does thsi work
they would hav eto be a reisdent of th euk for one year in the previous two tax years
is income taxed charged ona uk resident
yes and cgt + iht, anywhere in the worlf
are self employed profits taxed abroad
no - but they would be taxed if they do there work here
