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The Government of UK published draft legislation beginning a statutory residence test for people coming and leaving in UK. The new test is to determine the liability of the individual to the income tax of UK, inheritance tax (sometimes) and capital gains tax. The new provisions are truly different form the existing rules. The present non-UK residents who are planning to stay for a long time in the present tax year 2013-2014 ought to check whether the new test has any effect on them. The new statutory rules have three tests. The tests include automatic resident test, automatic nonresident test and a sufficient ties test. If the person is clearing the first test- you will be a non-UK resident else, you need to undergo other two tests, and if you are clearing either one, you are considered as the UK resident for tax purpose. If you are an UK immigrant and planning to apply for a permanent residence, here are few options which might help for getting a PR from inside the country. This is a brief description to make you understand about the process of application. As the changes are made frequently by the immigration government of UK, the key considerations may chance, but the basic aspects are there all the time. The below rules are applicable to the partners of an individual settled in UK or settled UK immigrants, British Citizens, person in UK with humanitarian protection, person in UK with a refugee leave. If the application to come to UK is before or on 8 July 2012, and if permission is approved then the person should stay in UK for at least 2 years previous to applying for PR. If coming through a family route for 5 years and granted permission, the eligibility is to stay for 5 years in order to apply for a Permanent Residence in UK. The initial permit will be for two and half years and later you can extend it to another two and half years. If coming through a family route for 10 years or through permission to stay for ten years private route and granted permission, the eligibility is to stay in UK for 10 years before applying to the residence. Even here you are eligible for two and half years in the first turn, and you can extend it thrice to get eligible. While extending the stay the applicant must satisfy the requirements for extending the visa. There is a strict process to make eligible for further stay, but it is neither easy nor a tough task as your first attempt of applying. The permanent Residence in UK is given by the above consideration for the UK immigrants. For the people who want do overseas business UK is one of the best countries. UK is always in the records of annual grants settlement. UK is good option for who want to invest in European markets. So who want to become new UK entrepreneur should know about The New UK Statutory Residence Test. Opulentus Overseas Careers-a leading UK immigration consultant in the world. The main aim of Opulentus is to provide complete guidance on all aspects of Immigration to UK which range from various visa options to settling in UK, UK Investment Visas for doing business in UK.
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UK Immigration, Invest in UK, permanent Residence in UK, New UK Statutory Residence Test,
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