Practical Advising British Expats – Connolly

Welcome to Practical Advising British Expats – Connolly

In our global world, many UK individuals choose to live and work overseas for a period of months or years. The decision to move abroad has many implications, affecting finances, housing, family matters and much more.

This extensive volume guides readers through all stages, from preparing to travel, to arriving in the overseas country, looking after local tax and financial matters, housing, financial and pension planning, and eventual return to the UK.

It provides comprehensive explanations of the relevant law and outcomes based on the author’s experience in practice for the last 25 years in the expatriate tax field, as well as giving her professional interpretation of various provisions.

The book covers many true-to-life anonymised examples to assist the adviser. For instance, the expat (and his or her professional adviser) needs a full understanding of the statutory residence test (SRT) to ensure that the individual does not fall foul of one of the tests and inadvertently become resident in the UK, thereby becoming taxable in the UK on his or her worldwide income and potentially facing double taxation.

It is also important to ensure that an expat claims all reliefs to which he or she is eligible – a basic but common error is where a non-resident fails to claim the personal allowance to which he or she is entitled.

With a bit of planning, property taxes (and penalties) can be mitigated when buying and selling UK property. The potential tax disadvantages of leaving and returning to the UK, without having taken certain actions before arriving or leaving the foreign jurisdiction, also merit close consideration.

These many and varied examples guide the individual or adviser by pointing out the implications of taking certain actions, and the consequences for the individual where no action is taken.

This 2021–22 edition contains the changes made by FA 2021. Numerous references are made throughout the book to statutory and other changes relating to Covid-19, though most of the examples deliberately ignore the short-term restrictions on travel and social gatherings.

Reference within the book is made to the United Kingdom but in some cases it is necessary for the adviser to refer to separate rules regarding Scotland, Northern Ireland and Wales, which may differ from those applying in England (e.g. income tax rates, stamp duty land tax).

Despite its title, many of the areas covered in this book may equally apply to non-residents of other nationalities who have left the UK, perhaps having worked there for a period of time, and who have retained an interest (such as a rental property) in the UK.

About the author:

Juliet Connolly BA (Hons), ACA, CTA is an expat herself, having lived in Melbourne, Australia for nearly 15 years. Juliet has worked in the accounting profession for over 30 years. She trained with small firms and then for a number of years worked at a Big 4 firm, where in 1996 she started advising on expatriate taxation. Juliet left in 2002 to set up her own business, UK Expat, advising and assisting expatriates – from all walks of life and located all over the world – on their UK tax affairs.

Juliet can be contacted by email at jgc@ukexpat.net or by phone on +44 (0)20 3239 4140 (UK) or +61 (0)3 9017 0179 (Australia). Visit www.ukexpat.net.