Residency and Domicile is an area of particular expertise at LSR Partners. The ‘Statutory Residence Test (SRT)’ was introduced in 2013 in the UK and is used to determine whether and when individuals are resident in the UK for tax purposes. Many people have heard of the ‘183 days’ rule – but the SRT is far more complex than that.
The SRT is also about physical location – we often have clients who want advice on their residency ‘after the fact’…the time to understand and plan your residency status is before the year in question. With up-front planning and attention to detail, it’s possible to plan residency for potentially significant tax benefits.
LSR Partners offers a number of specific services within the scope of residency and domicile. UK Departure or Arrival briefings are very beneficial for our clients – they can get specific and detailed advice directly relating to their particular circumstances, and this ensures they avoid any nasty surprises when it comes to their individual tax circumstances.
Our residency briefings and written advice provide invaluable support to clients who are in the process of moving into our out of the UK. International moves are often a time of stress and complexity – and LSR Partners can effectively remove the concerns about our clients’ tax status. You can expect us to provide clear and unambiguous advice on a timely basis.
