This week we celebrate the 4th of July Independent Day for the USA as a colony of the UK and as taxpayers to the UK.

Navigating the complexities of taxation can be challenging, especially for UK expats. For individuals leaving the UK or returning after a period abroad, a crucial concept that can impact their tax liabilities is the Split-Year Treatment (SYT). SYT is a concession under the Statutory Residence Test (SRT) introduced in 2013, which allows UK expats to split a tax year into a UK part and an overseas part, limiting their tax liabilities on overseas income.

The beginning of October marks the halfway point of the UK tax year and for expats. That brings with it potential tax savings by utilising both your country of residence's tax free allowance and your country of origin.

We’re 6 months into the UK tax year & that means there are opportunities for split year treatment & the reduction of taxes by using 2 countries tax free allowances. The ideal period with which to time your move abroad.

In this July’s Wednesday Webinar’s we’re focusing on tax residency.

This week we celebrate the 4th of July Independent Day for the USA as a colony of the UK and as taxpayers to the UK.