Residency & Domicile

Question 1

After what date does CGT apply to non UK resident gains from residential property?

Answer 1

5 April 2015

*Where a property was owned before 6 April 2015, CGT will only be payable on any gain from that date.

Question 2

Is CGT charged on overseas disposals?

Answer 2

Yes

Question 3

Domicile is a legal status to describe someone’s natural home, how is it established?

Answer 3

On birth same as father unless he died before or mother unmarried in which case it is the mother

Question 4

Is it possible to be resident for tax purposes in more than one country at the same time?

Answer 4

Yes

Question 5

What are the three parts of the statutory residence test?

Answer 5

(1) Automatic overseas test
(2) Automatic UK test
(3) Sufficient ties test

Taken in this order if any one applies no need to proceed to the next test

Question 6

How do you determine if someone is present in the UK on any particular day

Answer 6

If present at midnight unless in transit or family illness / bereavement.

Question 7

What is the Automatic overseas test?

Answer 7

Automatically non UK resident if;