The following rules apply, until 5 April 2025, 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 (either by claim or automatically — see E6.324E, E6.324F).
From 6 April 2025, Finance Bill 2025 removes the remittance basis of taxation and introduces the concept of 'qualifying new resident'. From 6 April 2025, it is possible for a UK resident individual, subject to the transfer of assets abroad rules, to be entitled to make a 'foreign income
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Web page updated on 17 Mar 2025 17:41