Income Tax Act 2007 section 809F

Effect on what is chargeable

Section 809F explains how foreign earnings, foreign income, and foreign chargeable gains are taxed when the remittance basis applies to an individual for a tax year.

• Where the remittance basis applies, foreign earnings, foreign income, and foreign chargeable gains are each taxed only when remitted to the UK, under their respective charging rules
• Special rules apply to amounts counting as employment income from employment-related securities and from income provided through third parties
• An individual who is UK domiciled but not ordinarily UK resident and who claims the remittance basis is still taxed on the arising basis for chargeable gains
• These remittance basis charging rules do not apply to any income or gains that the individual has nominated for the purposes of the Remittance Basis Charge