Landlords of Residential Property

HMRC have chosen another opportunity for tax payers to come clean as to previously undeclared income... this time it is for landlords who rent out residential property.

The New Statutory Residence Rules - Going Abroad

Those who leave the United Kingdom to set up home overseas will have no problem as regards their residence status for UK tax purposes if they sell up completely in the United Kingdom, move abroad and make no return visits here. This of course is usually not practical at all. They may have friends or family still in the United Kingdom whom they will want to visit, and they may want to keep a home here which they can use on return visits. The question then arises as to what extent they can keep UK connections without continuing to be UK tax resident.