Posts tagged split year
Tax efficiency for UK expats with split year treatment
Tax efficiency for UK expats with split year treatment

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.

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Tax Saving Expat ExpertsProACT Sam Orgilltax incentives, tax, split year, uk taxComment
Halfway through the UK tax year, UK expats can now take full advantage of split treatment, non residence & dual residency to maximise allowances & minimise taxes
Halfway through the UK tax year, UK expats can now take full advantage of split treatment, non residence & dual residency to maximise allowances & minimise taxes

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.

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UK tax, EU Brexit for ExpatsProACT Sam OrgillGainsborough Housetax, residency, split year, non-dom, non-residency, living abroad, minimising taxComment