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Daily Telegraph Tax Guide 2012, The by David Genders

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12

Residence and domicile

As a general rule Income Tax is charged by the United Kingdom (UK) on:

  • an individual’s income arising in the UK irrespective of whether that person is resident here;
  • overseas income belonging to an individual resident in the UK.

Apart from some special cases, the amount of tax you pay each year depends on:

  • whether you are resident and/or ordinarily resident in the UK; and
  • in some circumstances on your domicile.

Not only are the two concepts of residence and domicile of fundamental importance in working out an individual’s liability to UK taxation on income, but they are equally relevant for the purposes of both Capital Gains Tax and Inheritance Tax.

Residence

The UK tax legislation does not contain any statutory ...

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