Practice notes
This Practice Note briefly summarises the main UK taxes which may apply to non-UK resident individuals, including income tax, capital gains tax (CGT),...
22nd Jan
Practice notes
The concepts of residence and domicile are used to establish the extent of an individual's liability to UK taxation. This Practice Note provides a...
22nd Jan
Practice notes
STOP PRESS: On 9 April 2020, a letter from the Chancellor to the Chair of the Treasury Select Committee was published, which outlined a proposed...
Produced in partnership with Stephen Parnham
22nd Jan
Practice notes
Transfer of Assets Abroad CodeThe anti-avoidance provisions relating to a transfer of assets abroad are contained in Chapter 2, Part 13 of the Income...
22nd Jan
Practice notes
This Practice Note considers the charging provision under section 727 of the Income Tax Act (ITA 2007) applicable to transferors of assets abroad who...
22nd Jan
Practice notes
The UK has a comprehensive code for the taxation of employment income. This Practice Note deals with the basic principles of income tax on employment...
18th Jan
Practice notes
STOP PRESS: On 9 April 2020, a letter from the Chancellor to the Chair of the Treasury Select Committee was published, which outlined a proposed...
Produced in partnership with Emma Loveday
15th Jan
Practice notes
A remittance of an individual’s income or chargeable gains will occur if Conditions A and B are met (or if one of Conditions C and D are...
Produced in partnership with Clare Ludlam and Nick Warr of Taylor Wessing LLP
15th Jan
Practice notes
ARCHIVED: This Practice Note has been archived and is not maintained.The incidence of inheritance tax (IHT) depends on the domicile of an individual....
15th Jan
Practice notes
Overseas Workday Relief (OWR) is a relief from UK income tax for certain non-domiciled individuals, who have elected to be taxed on the remittance...
Produced in partnership with Lisa Spearman of Mercer & Hole
15th Jan
Practice notes
The calculation of income tax liabilities is usually done by a person's tax adviser or by HMRC following submission of a tax return, rather than by a...
15th Jan
Practice notes
From April 2019, the profit fragmentation rules aim to prevent UK-resident individuals, including individual members of a partnership, and UK-resident...
15th Jan
Practice notes
The concepts of domicile and residence are used to establish the extent of an individual’s liability to UK taxation. Specifically, domicile determines...
15th Jan
Practice notes
This Practice Note considers the charging provisions on individuals under section 731 of the Income Tax Act 2007 (ITA 2007), also known as ‘the...
15th Jan
Practice notes
Reliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer may deduct reliefs from...
15th Jan
Practice notes
The types of income chargeable to tax as 'savings and investment income' include:•interest, being income chargeable under ITTOIA 2005, ss...
15th Jan
Practice notes
For income tax rates and allowances applicable in the current tax year, see Practice Note: Key UK tax rates, thresholds and allowances for Private...
15th Jan
Practice notes
At Summer Budget 2015, the government announced wide-ranging reforms to the deemed domicile rules and also to the excluded property rules as they...
15th Jan
Practice notes
To determine whether a remittance has occurred for the purposes of the remittance basis of taxation, reference must be made to the Conditions set out...
Produced in partnership with Clare Ludlam and Nick Warr of Taylor Wessing LLP
15th Jan
Practice notes
To determine whether a remittance has occurred for the purposes of the remittance basis of taxation, reference must be made to the Conditions set out...
Produced in partnership with Clare Ludlam and Nick Warr of Taylor Wessing LLP
15th Jan