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ARTICLE · 01 DECEMBER 2009

UK Tax Residence Latest Developments

Strategic Tax Planning Partnership
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The Court of Appeal Decision in Grace earlier this month is the latest twist in a high profile tax case on the law of Residence.

United KingdomTax
Daniel Feingold
Daniel Feingold

The Court of Appeal Decision in Grace earlier this month is the latest twist in a high profile tax case on the law of Residence.

Lyle Grace (a British Airways Pilot who worked on long haul flights from Gatwick and Heathrow, owned a house here but also claimed to be a South African Resident); has won the right to a re-hearing of his case in the First Tier Tax Tribunal (formerly called the Special Commissioners).

The significance of Tax Residence at this time is critical in light of the many Entrepreneurs, Executives and High Net Worth Individuals who are considering leaving the UK because of the new 50% tax rate on incomes above £150,000.

This is the first case on Tax Residence to be considered by the Court of Appeal in over 40 years and is highly informative.

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