We’re urging British expats who spend part of the tax year here and some overseas to become familiar with the new legislation
(PRWEB UK) 21 February 2013
According to the Australian Times, financial advisors are urging Britons who split time between the UK and overseas to clarify their tax residence status in reaction to a change in tax resident status law. HM Revenue and Customs new Statutory Residence Test (SRT) aims to shed more clarity on people who moved abroad on a permanent basis to countries such as Australia, Spain and the US. The new system will take into account several factors including amount of days spent in the UK, amount of family members, properties owned, work and social connections. As a result, financial advisors are warning expats who spend time in the UK and overseas, but do not live here on a permanent basis to check they understand the new regulations.
Interdean, one of the most popular moving companies in the UK believes that expats should take note of the expert’s advice, a representative added, ‘We’re urging British expats who spend part of the tax year here and some overseas to become familiar with the new legislation and seek help from financial advisors if need be.'
Naturally, the company often comments on changes in the law that may affect expats after helping people moving abroad for over fifty years, offering services such as shipping, air freight, storage and excess baggage solutions.
The new ruling is set to be introduced on the 6th April this year.
Interdean continues to comment on consumer based news.
Interdean have been helping people move throughout the world for over fifty years, offering a range of services including international moving assistance, excess baggage help, shipping, air freight and storage to worldwide destinations such as Australia, Hong Kong, Canada and Thailand. Interdean also offers further support such as visa assistance, banking, insurance and pet relocation as well as student focused packages. The competitively priced company also offer help for moves throughout the United Kingdom and Ireland.