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 2020 she leaves to work in Australia for two years, returning on 31 December 2021. During her absence she makes no visits to the UK. Explain her UK income tax status for tax years 2019-20 to 2021-22 inclusive. (Ignore the sufficient ties test).
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
a In tax year 201920 Amy meets the first automatic UK test and does not meet any of the automatic ov...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ 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...
-
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...
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
Vijay Company reports the following information regarding its production costs. Compute its production cost per unit under absorption costing. Direct materials.................................. $ 10...
-
A retailer's store is destroyed by a tornado, but is insured for its replacement cost. Consequently, the retailer has a $40,000 gain after receiving the insurance proceeds. The store is not replaced...
-
MBA 620 Week 5 Homework 1. Jerseys, Inc., currently produces 10,000 jerseys a year for its regular customers and charges $10 per jersey. Jerseys, Inc., has capacity to produce an additional 5,000...
-
Identify five types of sales reports a consumer products company might generate. Specify the purpose of such a report and who should have access.
-
Consider the following transactions for Burlington Drug Store: Feb. 2 Burlington buys $23,800 worth of inventory on account with credit terms of 2/15, n/30, FOB shipping point. 4 Burlington pays a...
-
Alexis and Tomas meet with their insurance agent, Pat. After a thorough needs analysis, Pat recommends that Alexis set up a spousal RRSP tot Tornas Pat has them complete a risk tolerance...
-
Brist Ltd is a UK resident company which prepares annual accounts to 31 March. In the year to 31 March 2021, the company had a UK trading profit of 2,120,000 and received overseas property income of...
-
(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 2020-21. During these eight months he tours the...
-
The Pearson correlation coefficient requires that the data be quantitative. Does the Spearman rank correlation require that data be quantitative? Explain.
-
With a $80 million advertising budget, does the name and brand identity matter? Why or why not? Explain
-
A computer has four DDR4 memory modules. Two modules have a speed of 3000 MHz and the other two have a speed of 4000 MHz. If the two 3000 MHZ DIMMs are upgraded, the new modules to be installed...
-
Discuss several demand forecasting issues and possible ways of reducing the negative impacts associated with those issues?
-
12. The input to an agent program is the same as the input to the agent function. Otrue Ofalse 13. The "Sense-Think-Act" cycle is fundamental to the "classical paradigm" of AI. Otrue false 14. Human...
-
1. Dividend Discount Model Valuation for Kraft Heinz Company- Using the constant growth dividend discount model formula, give a valuation estimate of the common stock of Kraft Heinz's company. What...
-
What effect does increasing the required return have on the present value of a future amount? Why?
-
The value of a share of common stock depends on the cash flows it is expected to provide, and those flows consist of the dividends the investor receives each year while holding the stock and the...
-
Ken purchased 10,000 shares of Gold Corporation common stock six years ago for $160,000. In the current year, Ken received a preferred stock dividend of 800 shares, while the other holders of common...
-
Denim Corporation declares a nontaxable dividend payable in rights to subscribe to common stock. One right and $60 entitle the holder to subscribe to one share of stock. One right is issued for every...
-
Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year, Jacob received a nontaxable stock dividend of 2,000 shares in Grebe. In the current tax year,...
-
Identify two difference sources of the remaining gap between reported costs and economic costs for each Wilkerson's product and Specify what you would do to close the gap created by these two...
-
Joey Inc. Income Statement Sales Operating Expenses Net operating income Interest and taxes: Interest expense Tax expense $4,000,000 $3,500,000 $500,000 $150,000 $200,000 Net income $350,000 $150,000...
-
You manufacture and sell SCUBA and dive equipment. Most of your sales occur during the summer swimming season (May-August). To help ramp-up sales outside of this timeframe and clear your inventory at...
Study smarter with the SolutionInn App