Wednesday 20 November 2013

UK couple face £600k tax bill over residency status

Accountancy Live: A wealthy couple from Cheshire who left the UK for a new life abroad more than a decade ago have lost an appeal at the First Tier Tax (FTT) tribunal over their residency status, and now face a £600,000 bill for capital gains tax and income tax.

Full story: http://www.accountancylive.com/croner/jsp/Editorial.do?channelId=-601043&contentId=2836109