Key Lessons to be learnt
Tax Residence continues to be an interesting area – and an active one for HMRC challenge.
New residence rules could have major financial implications for expats who spend some of their time in the UK each year.
So, it is said, the landmark ruling against Seychelles-based billionaire Robert Gaines-Cooper could see thousands of British tax exiles chased for backdated tax, says Simon Sweetman.
The landmark ruling against Seychelles-based billionaire Robert Gaines-Cooper could see thousands of British tax exiles chased for backdated tax.
A government consultation that hopes to make residency rules clearer should make life simpler for tax advisers and reduce litigation, according to tax advisers.
The eagerly awaited Gaines-Cooper residency case made it to the Supreme Court last week and is expected to be decided within the next three months.
As the Seychelles-based entrepreneur prepar
Seychelles-based entrepreneur Robert Gaines-Cooper is taking his long-running residence case against HMRC to the Supreme Court.
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