The tax-exempt ‘non-resident’ status will be closely monitored by the Revenue as reported by The Times. Many affluent Brits living in Spain are enjoying a Non-resident status, and they ensure to spend no more than 90 days a year in the UK after moving abroad.
As reported by Accountancy Age, the HMRC advises that non-residents’ lifestyles will be examined to see if they retain strong association with Britain in assessing whether they should be exempt from UK tax.
Revenue has not given details of factors it will consider in assessing lifestyle ‘assocations’ but lawyers advise retaining a UK property, carrying out work in the UK on a regular basis or maintaining strong social ties, such as membership of a club or society might be used.
Tags: Double Tax Treaties, Residence, UK Tax