ADVANCE TAXATION Anmol Saxena Sir
(ATX)- UK
Chapter 1: Income Tax Computation, Trust Income, Tax Reducers
Contact:
, Chapter – 1
Income Tax Computation, Trust Income, Tax Reducer
Income Tax is paid by
Individual ~ All individuals including children are taxable person and pay income tax. Non- UK Resident ~
. UK income only; UK Residents ~ Worldwide Income
On his Taxable Income ~ All sources - Exempt Income - Relief - PA
In a Tax Year ~ 6th April to 5th April
1. UK RESIDENT PERSON
(a) UK Resident in Current Tax Year
UK Resident
Non-UK Resident UK Resident Person Based on Ties
Present in UK for: Present in UK for Having a close family*
>183 days
House in UK made use
Max 15 Days in a tax Only home in UK
for > 90 Days
year and who has been
UK resident in last 3 tax Carries out full time Substantive work in
yrs work in UK for any UK for (where) > 40
period of at least 365 Days is regarded as
Max 45 Days in a tax Days (75% wokring substantive
years and who has not days in UK)
been UK resident in last In UK for > 90 Days
3 tax yrs during either of the
two previous tax years
Max 90 Days and max 30 Spending more time in
working days who works UK than any other
full time overseas country in tax year
who is a UK resident in
any previous 3 tax
years
*Close Family Member ~ UK resident Spouse/Civil partner or Minor Child
NOTE: If a person meets conditions of both Non-UK and UK resident then he will be considered as a Non-UK resident.
NOTE: Individual is in UK if he is in UK at midnight
(ATX)- UK
Chapter 1: Income Tax Computation, Trust Income, Tax Reducers
Contact:
, Chapter – 1
Income Tax Computation, Trust Income, Tax Reducer
Income Tax is paid by
Individual ~ All individuals including children are taxable person and pay income tax. Non- UK Resident ~
. UK income only; UK Residents ~ Worldwide Income
On his Taxable Income ~ All sources - Exempt Income - Relief - PA
In a Tax Year ~ 6th April to 5th April
1. UK RESIDENT PERSON
(a) UK Resident in Current Tax Year
UK Resident
Non-UK Resident UK Resident Person Based on Ties
Present in UK for: Present in UK for Having a close family*
>183 days
House in UK made use
Max 15 Days in a tax Only home in UK
for > 90 Days
year and who has been
UK resident in last 3 tax Carries out full time Substantive work in
yrs work in UK for any UK for (where) > 40
period of at least 365 Days is regarded as
Max 45 Days in a tax Days (75% wokring substantive
years and who has not days in UK)
been UK resident in last In UK for > 90 Days
3 tax yrs during either of the
two previous tax years
Max 90 Days and max 30 Spending more time in
working days who works UK than any other
full time overseas country in tax year
who is a UK resident in
any previous 3 tax
years
*Close Family Member ~ UK resident Spouse/Civil partner or Minor Child
NOTE: If a person meets conditions of both Non-UK and UK resident then he will be considered as a Non-UK resident.
NOTE: Individual is in UK if he is in UK at midnight
