This title gives the reader authoritative guidance on the legislation dealing with residence and domicile, which will reflect the upcoming changes in this area - the Government has proposed to end the use of domicile as a determinant of tax liability for individuals from 6 April 2025. The remittance basis of taxation will also end. The legal concept of domicile for income tax, capital gains tax and inheritance tax is to be superseded by a series of rules that rely on tax residence to provide a measure of relief for internationally mobile individuals. These changes necessitate a re-write of Booth and Schwarz to reflect this important change in the legislation. The domicile chapter remains in the book but the term has been withdrawn from the title.
Other structural changes include -
- The old chapter 3 (Residence of individuals: case law test) is coming out of the new edition
- Old chapter 5 (Individuals coming to and departing from the UK) will be changed to the NEW chapter 3
- We will move the split year treatment section of chapter 2 to the first part of this NEW chapter 3
- We will edit the table of statutes, cases, and HMRC material to eliminate references to deleted material
