Commentary

E1.1114 Charge under ITA 2007, s 727 on transfer of assets abroad—protected foreign-source income

Personal and employment tax

E1.1114 Charge under ITA 2007, s 727 on transfer of assets abroad—protected foreign-source income

E1.1114 Charge under ITA 2007, s 727 on transfer of assets abroad—protected foreign-source income

With regard to the charge to tax under ITA 2007, s 727 at E1.1112, protected foreign-source income is relevant for 2017/18 onwards as a consequence of the introduction of the deemed domicile rule at E6.323B. It is relevant as explained in E1.1112 where the chargeable UK resident individual is either non-UK domiciled or has deemed UK domicile only by virtue of past residence in the UK, ie where Condition B (but not Condition A) of the deemed domicile rule is met. Where relevant it gives an individual some relief from this charge. For this purpose, income is

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial