ATED & The Statutory Residence Test
The statutory residence test is designed to give taxpayers greater certainty and clarity as to whether or not they are a UK-resident for tax purposes. ATED was introduced to levy an annual tax on wealthy owners of UK property. However, its scope has now been extended to catch any modestly valued residential property, owned within a company structure.
This live broadcast is suitable for anyone who has clients with concerns over their UK tax status or who might be impacted by ATED.
What You Will Learn
This live and interactive session will cover the following:
- The Statutory Residence Test
- Brief history and why it was introduced
- What does it mean to be automatically:
- An overseas resident
- A UK resident
- The sufficient ties test
- The split year rules
- Treaty residence
- The Annual Tax for Enveloped Dwellings
- History and why it was introduced
- The definition of a ‘dwelling’
- The mechanics of the calculation
- The impact on SDLT
- ATED related CGT or corporation tax
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.