Determine your Tax Residency using Statuary Residency Test

Residency is an important concept in tax. This is because you pay tax depending on where you are resident (and domiciled) as seen by the post “ Should you pay Tax in the UK on your income?”. In short, If you are resident and domiciled in the UK, you pay tax on the arising basis …

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Should you pay tax in the UK on your income?

As an individual, your tax liability in the UK depends on your residency and domicile status. Your residency is where you live permanently or on a long-term basis. For tax purposes, your residency is determined by the Statutory Residency Test. You can read all about the Residency test in an article I wrote here so …

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Tax Year End Checklist

With the tax year-end fast approaching on 5 April, now would be a good time to check all your finances are in order and also to assess whether you have used all the allowances available to you. Whilst we have provided a list of things to check, some smaller businesses might feel more comfortable getting …

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5 Ways Landlords Can Reduce Their Tax Bill!

Being a landlord isn’t easy. It leads to a lot of complications, awful tenants and the need for a real estate lawyer which can all be costly. Being a landlord is never an inexpensive occupation, although money can be saved on landlord insurance by going to somewhere like constructaquote.com for a more affordable quote. And …

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Tax on Dividends in Different Countries and Why This Affects You!

You may think that the tax rate in other countries doesn’t affect you, but you couldn’t be more wrong. In this modern globalized world, corporation tax rates and systems of various countries will have differing effects on your investment portfolios. Nearly all people, both living in the U.K and abroad, have their investments and pensions …

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