Your guide to understanding the Statutory Residence Test
Financial planningTax and estate planning

Your guide to understanding the Statutory Residence Test

5th August 2020

Your guide to understanding the Statutory Residence Test

What are the questions and criteria?

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For British expatriates, or those spending a significant period of time overseas, the issue of residence is an important topic.

Simply moving abroad to avoid UK tax is an outdated concept, and in recent years careful attention has been focused on those wanting to adopt or maintain non-resident status.

The Statutory Residence Test (SRT) was established by the UK’s tax body – HM Revenue and Customs – to provide a framework of who qualified for non-UK resident status. Those awarded this status are only potentially liable to UK tax on sources of UK income and may also qualify for exemption from Capital Gains Tax.

The test uses a framework of questions and tools which have to be considered by those seeking non-resident status every year.

If you have any questions about what you should do next, please get in touch.

Download your guide to understanding the Statutory Residence Test.

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