Q&As

With reference to the criteria for split year treatment under Case 4 set out in paragraph 47 of Part 3 of Schedule 45 to the Finance Act 2013, can a taxpayer satisfy the 'only home' test if they have homes both in the UK and abroad, and at some point in the tax year, they cease to have any home overseas?

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Published on LexisPSL on 05/02/2021

The following Private Client Q&A provides comprehensive and up to date legal information covering:

  • With reference to the criteria for split year treatment under Case 4 set out in paragraph 47 of Part 3 of Schedule 45 to the Finance Act 2013, can a taxpayer satisfy the 'only home' test if they have homes both in the UK and abroad, and at some point in the tax year, they cease to have any home overseas?

With reference to the criteria for split year treatment under Case 4 set out in paragraph 47 of Part 3 of Schedule 45 to the Finance Act 2013, can a taxpayer satisfy the 'only home' test if they have homes both in the UK and abroad, and at some point in the tax year, they cease to have any home overseas?

Paragraph 47(3) of Part 3 of Schedule 45 to the Finance Act 2013 (FA 2013)

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