International Taxation of Individuals
This course has been reviewed and is up to date for 2021/22. This course is designed to provide advisers with a good grounding in the principles of international tax, processes for problem solving and specific rules that apply.
This course will enable you to
- Understand the common principles of international tax including the interaction of national law and double tax treaties
- Be able to apply a process to international tax questions in order to determine the tax treatment
- Determine the tax treatment of UK income in the hands of non-residents and reliefs that often apply
- Ascertain the tax treatment of foreign income received by residents, including claiming double tax relief
- Advise non-domiciled persons whether the remittance basis is appropriate and how it applies
About the course
Gaining an understanding of the international aspects of UK tax is becoming increasingly necessary. As people become more internationally mobile, the number of clients facing international tax issues of one kind or another is increasing. Tax issues that once only affected wealthy clients advised by large firms, are increasingly affecting clients that might engage a high street or regional firm.
This course is designed to provide advisers with a good grounding in the principles of international tax, processes for problem solving and specific rules that apply. It explains how the principles and processes apply to situations and types of income that are commonly seen. This course combines practical planning points with warnings of pitfalls to avoid.
This course has been reviewed and is up to date for 2021/22.
Look inside
Contents
- Principles of international tax
- What do we mean by "residence" and "domicile"?
- What are the initial steps when considering the right to tax income and domestic law?
- What are Double Tax Agreements?
- How do I read a Double Tax Agreement?
- What are withholding taxes?
- What is the process for problem solving?
- UK income and non-residents
- Are interest and dividends taxable in the UK?
- How do I apply the disregarded income rules?
- How is rental income assessed?
- When is income from employment assessable to UK tax?
- In what cases are capital gains assessed?
- Who is entitled to a personal allowance?
- What if my client is moving overseas?
- Foreign income and UK residents
- When is relief given by a DTA exemption?
- When can double tax relief be claimed?
- What are the principles behind DTR?
- What are the basic methods of giving DTR?
- When should foreign dividends be declared?
- What about foreign employment income?
- What are the rules on employment expenses?
- Non domiciles and the remittance basis
- What are the key features of the remittance basis?
- What is a remittance?
- What has been remitted?
- What is the Remittance Basis Charge?
- What happens when employment income is earned overseas?
- Should the RB be claimed?
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