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Statutory Residence Test Postponed

The Government has issued the draft Finance Bill today with a number of other documents and announcements. A key – and somewhat disappointing announcement is that the new statutory residence test will not now come in to force until 2013/14 – a year later than we had hoped.

The simplifications and changes to encourage non doms to invest in the UK will be enacted for 2012/13 as planned. We will be reviewing all the proposals over the next few days and will issue updated information as soon as possible.

If you have any questions in the meantime please don’t hesitate to contact us. 

Lisa Spearman is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this post with Lisa you can call her on 020 7353 1597.

Email Lisa Spearman




Date: 6th December, 2011
Author: Lisa Spearman


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