Living abroad: tax due as a non-resident
Leaving the UK will usually mean that you are taxed as a non-resident, but if you spend time in the UK then you will need to keep track of the days spent here as well as your ties and connections. We can help you understand UK residency rules.
Understanding how to navigate the UK’s Statutory Residence Test will enable you to you know how much time you can spend in the UK, without inadvertently becoming a resident.
As a UK non-resident, there are some types of income that will still be taxable in the UK but other types of income that aren’t taxable, and there are also traps to watch out for if you move back to the UK. Anybody living abroad who owns UK assets (like UK company shares or UK property) will also need to consider whether there might be UK inheritance tax (IHT) on those assets; there might also be inheritance tax on non-UK assets depending on how long you have been living abroad.
It’s important to note, not everyone who lives abroad is non-resident, and even a non-resident may need to pay UK tax. Kirk Rice can help you navigate the complexities of cross-border tax, minimise tax due, and avoid any unexpected liabilities.
