International Personal Tax Fundamentals

Significant changes affecting the taxation of internationally mobile individuals have been made in recent years.  In particular, the introduction of the Statutory Residence Test from April 2013 brought a significant change to the approach for determining residence which impacts incoming and outgoing clients.  

More recently there has been reform on a range of aspects affecting non-UK domiciles in recent Finance Acts.

This course will examine these developments and consider the implications for UK liability on various types of assets, income and gains.

Content will include:

• The Statutory Residence Test

• Detailed review of the three sets of tests
• Dealing with the split year rules

• Domicile

• Types of domicile and significance
• Tax implications for non- UK domiciles and deemed domiciles – overview

• Implications of tax status for tax liability

• Income tax – overview
• Employment income - special provisions
• Case study

• Remittance basis

• Further detail
• Business Investment Relief

• Capital taxes