(1). In the tax year 2021/22 Lark is resident in the UK but domiciled in the country of Twitcheria. Lark is not deemed domiciled in the UK.
Explain how Lark will be subject to UK income tax in respect of both UK and overseas income.
(2). Raven is domiciled in the UK but has been resident in the country of Twitcheria since the tax year 2013/14.
Explain how Raven’s rental income in respect of a property situated in Twitcheria will be taxed in the UK.
(3). Finch has been resident in the UK since the tax year 2014/15, but is neither domiciled nor deemed domiciled in the UK. He is employed by a company that is resident in Twitcheria and performs employment duties in both the UK and Twitcheria.
Explain whether the following statements are true or false in relation to Finch.
A Finch can choose to be assessed on the remittance basis in respect of his income relating to duties performed in Twitcheria.
B Finch can choose to be assessed on the remittance basis in respect of bank interest arising in Twitcheria.