E1.1126 Transfer Of Assets Abroad—Onward Gifts Rules: Application Of Remittance Basis

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Commentary

Personal and employment tax

Following Finance Bill 2025 and the end of the remittance basis, the Transfer of assets abroad rules are significantly modified.

The rules for onward gifts in respect of individuals using the remittance basis cease to apply from 6 April 2025. See E1.1122 for the historical operation of section 733C or 733E where remittance basis applied in the past, and for the onward gifts rules as they apply to qualifying new resident

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E1.1126 Transfer of assets abroad—onward gifts rules: application of remittance basis

Personal and employment tax

E4.507S Operation of the charge on securities with artificially enhanced market value

C1.106 Allowable capital losses

B3.325 General exclusions—first-year qualifying expenditure

B3.340A Hire purchase of plant and machinery and similar contracts

B4.130 Summary of OECD guidelines on arm's length principle

B2.218 Surplus business accommodation

I9.325 Foreign pensions free from IHT

D7.1140 Methods of leaving the REIT regime

E8.810 Application for a National Insurance number

A4.557 Late filing penalties—company tax returns

E8.811 National Insurance number—refusal of application

C2.201 Allowable expenditure for capital gains—overview

B2.315 The concept of wholly and exclusively

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

E4.1118 Calculation and payment of tax due on retrospective income

E1.1435 Appealing transactions in securities counteraction notices

C3.305 Rollover relief—time limit for acquisition of replacement assets

C3.1713 PPR relief where a dependent relative occupied the residence prior to 6 April 1988

I11.215 IHT accounts—excepted settlements

E7.234 Other types of lifetime benefit lump sum

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E1.1126 Transfer of assets abroad—onward gifts rules: application of remittance basis

Personal and employment tax

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