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Home / Simons-Taxes /Personal and employment tax /Part E1 Income tax /Division E1.11 Transfer of assets abroad /The 'transfer of assets abroad' rules / E1.1102 Transfer of assets abroad—abolition of ordinary residence from 2013/14
Commentary

E1.1102 Transfer of assets abroad—abolition of ordinary residence from 2013/14


Personal and employment tax

Wherever the transfer of assets abroad (TOAA) rules currently require the chargeable individual to be resident in the UK (see, for example, E1.1103 and E1.1112), the comparable requirement for 2012/13 and earlier years was that the individual be ordinarily resident in the UK rather than simply UK resident. The concept of ordinary residence was abolished for tax purposes for 2013/14 onwards. However, transitional provisions1 have effect where

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