Income Tax Act 2007 section 809K

Sections 809L to 809Z6: introduction

Section 809K introduces a suite of provisions (sections 809L to 809Z6) that set out the detailed rules on how the remittance basis of taxation works, including what counts as a remittance, how remitted amounts are calculated, and when certain exemptions apply.

• Sections 809L to 809Z6 apply across several tax statutes — covering foreign earnings, employment-related securities for internationally mobile employees, employment income provided through third parties, relevant foreign income, and chargeable gains of UK-resident but non-UK-domiciled individuals.
• These sections define what it means for income or chargeable gains to be "remitted to the United Kingdom" and provide rules for calculating the amount remitted.
• Specific rules deal with transfers from mixed funds — that is, funds containing a combination of different types of income and capital — setting out an ordering mechanism for attributing those transfers to particular categories.
• Certain exemptions are provided so that, in specified circumstances, income or chargeable gains are treated as not having been remitted to the United Kingdom.