• UK Tax Residence: Proposed Statutory Definition of Tax Residence for Individuals
  • August 18, 2012 | Authors: Emma Hardwick; Michael T. McGowan; Andrew Thomson
  • Law Firms: Sullivan & Cromwell LLP - London Office ; Sullivan & Cromwell LLP - New York Office ; Sullivan & Cromwell LLP - London Office
  • The UK government has released draft legislation for a statutory residence test (“SRT”) for individuals. The new test is intended to give the same outcome as the existing test in most cases. The aim is that it will be more transparent, objective and simple to use.