Covid-19: Beware the unexpected tax costs of self-isolation
Individuals taking steps to limit their exposure to Coronavirus will consider a number of options - from conscientious hand washing to the more extreme option of quarantining themselves (whether symptomatic or not). But for individuals reliant on a careful day count to avoid becoming UK tax resident, the price of self-isolation could be high.
To read more, visit Spear's Wealth Management Magazine.
Related in brief posts
Changes to travel requirements on entering the UK.
In this MEET | THE | EXPERTS webinar chaired by Fiona Poole, panelists Ceris Gardner, Raphael Apelbaum and Rowena Moffatt discussed the UK’s approach to interpretation of EU free movement law following the end of the transition period and other issues.
Covid-19 has led to far-reaching restrictions on travel and the ability of individuals to move freely to and from the UK. For those reliant on spending a limited number of days in the UK to avoid becoming UK tax resident this could prove costly.