Commentary

D9.439 Other excluded persons

Corporate tax
Corporate tax | Commentary

D9.439 Other excluded persons

Corporate tax | Commentary

D9.439 Other excluded persons

Individuals on the remittance basis

From 6 April 2008 accrued income profits made on a transfer of foreign securities by an individual to whom the remittance basis applies (either by claim or automatically, see E6.324A–E6.332) are treated as relevant foreign income1. The individual is therefore taxed on the full amount of the accrued income profits remitted to the United Kingdom2. For the purposes of determining whether the profits are remitted to the United Kingdom, where the individual makes a transfer of securities with accrued interest and receives consideration equal to the market value of those securities,

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