Amy is domiciled in the UK and has lived in the UK all her life. On 1
Question:
Amy is domiciled in the UK and has lived in the UK all her life. On 1 January 2017 she leaves to work in Australia for two years, returning on 31 December 2018. During her absence she makes no visits to the UK. Explain her UK income tax status for tax years 2016-17 to 2018-19 inclusive. (Ignore the sufficient ties test).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
In the UK your tax liability is largely based on two contributing factors where your domicile is and ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Amy is domiciled in the UK and has lived in the UK all her life. On 1 January 2022 she leaves to work in Australia for two years, returning on 31 December 2023. During her absence she makes no visits...
-
Sam Yeung is 29 years old and is employed as a financial restructuring specialist at Jets plc, a major investment bank. Jets plc is a large multinational business: its headquarters are in London,...
-
Question 1 This question has two parts, (A) and (B). Answer both parts. 100% Liverpool plc is a company that manufactures a number of different types of electrical goods and has a year end of 31...
-
A drillstring is composed of 9,000 ft of 5-in. 19.5-lbm/ft drillpipe and 1.000 ft of drill collars having a 3.0-in. ID. Compute these items: a) (5 pts) Capacity of the drillpipe in barrels. b) (5...
-
What is the importance of HSV-6 in Multiple Sclerosis?
-
On January 1, 2021, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on...
-
What will be the value of AHS' current ratio during 2007? a. 1.14 b. 1.42 c. 1.49 d. 1.53 AHS INC. 2007 Income Statement (S in millions) Net sales S 9625 Cost of goods sold 5225 Depreciation 1890...
-
Color Graphics (CG) specializes in printing glossy magazines. CG currently has orders for four magazines, with each magazine being issued on its own cycle. With the four magazines, CGs capacity is...
-
Find the value of the angle 0 in degrees rounded to the nearest tenth of a degree. e needed
-
On 1 November 2017 , a UK company receives a non -exempt dividend from an overseas company (in which it has 15% voting power) of 10,500, net of 30% withholding tax. The income statement of the...
-
(a) Jean-Paul is a Canadian citizen. He owns a house in Canada and regards Canada as his home but he lives in the UK for eight months during tax year 2017 -18. During these eight months he tours the...
-
How does loan portfolio risk differ from individual loan risk?
-
An Olympic swimming pool has measurements of 50.0m x 25.0m. Ifyou were to fill the pool up with water to an average depth of 4.8ft, how many gallons of water would you have in the pool?
-
How is ransmoware attack related to cyber space? what are the issues of ransomware attack to our national security? What are the techniques and best practices and strategies that can be used to help...
-
Solve the quadratic equation by using the quadratic formula. 2t2-t-2=0 Submit multiple answers by separating them with a comma. For instance, if there are two answers, x = x = 1, then submit your...
-
Many people gain relief from swollen feet at the end of the dayby soaking their feet in Epsom salts, which creates a hypertonicsolution of MgSO4. In terms of osmosis, explain howsoaking in Epsom...
-
The mass of any elementary moving particle (e.g., the electron) is a fundamental constant. Relativity or not? For each statement below, write a complete sentence where you: a) state if it is correct...
-
Many states and localities used to have so-called Sunday Closing laws-statutes or ordinances forbidding certain business from being conducted on Sunday. A few may still have such laws. Often, these...
-
Discuss whether responsible human resources management should apply different standards for the home company and suppliers, for developed countries and developing countries, and for large companies...
-
The statements of financial position of TT Ltd and UU Ltd as at 31 May 2020 are as follows: The following information is available: (i) TT Ltd acquired 70% of the share capital of UU Ltd on 31 May...
-
Explain the effect (if any) of each of the following transactions on an entity's profit or loss and on its cash flows: (a) The purchase of new equipment which is then depreciated over its useful life...
-
(a) Distinguish between the direct method and the indirect method of calculating the amount of cash generated from an entity's operations. (b) List the main steps in the accounting work required if...
-
Fishing Tours Ltd. is a 75% owned subsidiary of Boat Rentals Ltd. On January 1, 2012, Fishing Tours sold a boat to Boat Rentals Ltd. for $80,000, recognizing a gain of $30,000. Boat Rentals...
-
Borrowed 100000 from the bank by signing a $104000 six month non interest bearing noteA) Do assets increase, decrease, or is there no effect?B) Do Liabilities increase, decrease, or is there no...
-
Kandis Plc Ltd. pays an hourly labor rate of $17.20 in the production of its boom boxes. EPrestwich Company has budgeted production for next year as follows: Picture Two pounds of material A are...
Study smarter with the SolutionInn App