How Can You Benefit From the Capital Gains Tax Deadline Extension?

Something that went under the radar of the latest budget report was the deadline to submit capital gains tax return (and pay any tax due) on the disposal of UK homes has now been extended from 30 to 60 days, with immediate effect. The 30-day deadline has been criticised since introduction, and we now hope […]

Statutory Residence Test

We consider the statutory residence test and outline rules and records required. If you live in the London area we, at Telic, can provide advice on your individual circumstances. The concept of residence in the United Kingdom is fundamental to the determination of UK tax liability for any individual. The Statutory Residence Test (SRT) provides, […]

Major changes for Non-UK Resident Companies

Non-resident companies chargeable to corporation tax From 6 April 2020 significant changes come into effect for non-resident companies. The income from UK property received by these companies currently chargeable to income tax on the UK taxable property income, will become chargeable to corporation tax. These companies would then be subject to the rules which apply […]