2.2.1 Introduction – statutory residence test

A person’s tax residence status is fundamental as to how he or she will be taxed in the UK. Resident taxpayers are taxed in the UK on their worldwide income, whereas non-residents are taxed on just their UK sourced income such as:

interest from UK bank accounts;

dividends from UK companies;

UK pensions;

rental income from UK properties;

earnings from work physically performed in the UK while overseas; and

earnings from a time when still resident and working in the UK, e.g. deferred bonuses, exercise of share options and other employee share awards.

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