Statutory Residence Test
For British expatriates in Belgium, 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 Simply moving abroad to avoid UK tax is an outdated concept and in recent years, careful attention has been focused on those wanting to adopt or maintain non-resident status.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 was established by the UK taxman HM Revenue and Customs to provide a framework of who qualified for non-resident status. Those awarded this status fall outside the UK’s tax system, and generally do not have to pay Income Tax or Capital Gains Tax.
Despite the Test, however, there remain certain areas of the new rules that can be easily misunderstood and difficult to interpret, plus, new rules came into force in 2013, governing statutory residence.
The Fry Group works with clients in Belgium to provide clarity to the rules, helping each individual to determine their non-resident status in the light of current legislation. Contact us for further information and assistance if you are keen to reassure yourself.
For more information on the Statutory Residence Test, please download a copy of our guide here: The Fry Group Statutory Residence Test Guide