UPDATED: Statutory Residence Test
October 29th, 2013
While every attempt will be made to ensure that information provided is accurate at the time of publication, it should be treated as guidance only and does not constitute legal or professional advice. Tax law and guidance changes frequently and readers are advised to consult the current relevant publication for the most up-to-date information on this topic. To see the latest information on Statutory Residence Test register for your free trial today.
The statutory residence test applies with effect from 6 April 2013 for the purposes of income tax, capital gains tax, inheritance tax and corporation tax (to the extent that the residence status of individuals is relevant to the latter two taxes) but not national insurance.
This news item is fully updated for Finance Act 2013, including the changes introduced by the Government during the parliamentary process. Where appropriate there are also links to the HMRC guidance which was released on 8 May 2013 and has yet to be updated for the Finance Act.