Section 832 Relevant foreign income charged on remittance basis
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Amendments
Section 832 substituted by Finance Act 2008 section 25 and Schedule 7 para 53 for 2008-09 and later tax years.
(1) This section applies to an individual’s relevant foreign income for a tax year (“the relevant foreign income”) if section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year.
(2) For any tax year in which—
(a) the individual is UK resident, and
(b) any of the relevant foreign income is remitted to the United Kingdom,
income tax is charged on the full amount of the relevant foreign income so remitted in that year.
(3) Subsection (2) applies whether or not the source of the income exists when the income is remitted.
(4) See Chapter A1 of Part 14 of ITA 2007 for the meaning of “remitted to the United Kingdom” etc.
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