Tax Residency

Tax Residency

At Tax and Accounts UK, we understand the complexities of determining your tax residency status and how it impacts your financial obligations. Whether you are moving to or from the UK, or you split your time between countries, our experienced team is here to help you navigate the rules and regulations.

Why Tax Residency Matters

Your tax residency status dictates where you are liable to pay taxes, which can significantly impact your income, capital gains, and inheritance tax obligations. The UK's Statutory Residence Test (SRT) is used to determine your residency status, but its intricate criteria can often lead to confusion.

Our Services Include:

  • Residency Status Assessment: We evaluate your personal circumstances, travel history, and ties to the UK to determine your tax residency status.
  • Planning for Non-Residents: If you are planning to leave the UK or already live abroad, we ensure that you remain compliant while minimising your UK tax exposure.
  • Advice on Dual Residency: For clients with ties to multiple countries, we help clarify your obligations and take advantage of double taxation treaties where applicable.
  • Assistance with HMRC Queries: Our team liaises directly with HMRC to resolve any disputes or provide clarification about your residency status.

With our expert guidance, you can be confident that your tax affairs are managed efficiently, ensuring compliance while protecting your financial interests.