Commentary

E1.1110 Charge under ITA 2007, s 720 on transfer of assets abroad—application of remittance basis

Personal and employment tax

E1.1110 Charge under ITA 2007, s 720 on transfer of assets abroad—application of remittance basis

E1.1110 Charge under ITA 2007, s 720 on transfer of assets abroad—application of remittance basis

The following rules apply where the UK resident individual on whom the charge falls is not domiciled (and not deemed domiciled) in the UK. They apply where income is treated as arising to the individual under the transfer of assets abroad rules at E1.1103 in a tax year for which the remittance basis applies to him (either by claim or automatically — see E6.324E, E6.324F).

To the extent that the income treated as arising is 'foreign deemed income, it is treated for remittance basis purposes as

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