The following Personal Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
The rules on remittance changed:
Most people in the UK are taxable on their worldwide income and capital gains on an arising basis. This means that income is taxable when it is paid to the individual or put at his disposal, for instance, by being credited to a bank account. Gains are usually taxable when the disposal occurs. If the individual is taxable on the arising basis, he must declare all his overseas income and gains in the tax year in which it arises, even if it is not remitted (brought) into the UK.
However, certain individuals are taxable in the UK on their UK income and gains alone, and pay UK tax on foreign income and gains only if these are remitted to the UK. This is the remittance basis of taxation. The following people qualify for the remittance basis:
* From 2017/18 onwards, the UK resident non-domiciliary must also be not deemed domiciled in the tax year to be able to access the remittance basis. The only exception to
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