Commentary

E1.1115 Charge under ITA 2007, s 727 on transfer of assets abroad—application of remittance basis

Personal and employment tax

E1.1115 Charge under ITA 2007, s 727 on transfer of assets abroad—application of remittance basis

E1.1115 Charge under ITA 2007, s 727 on transfer of assets abroad—application of remittance basis

Rules similar to those at E1.1110 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 E1.1112 in a tax year to which the remittance basis applies to him (either by claim or automatically—see E6.324E, E6.324F)1.

For the purpose of applying the rules, the definition of protected foreign-source income in E1.1114

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