Part 14Income tax liability: miscellaneous rules
F1Chapter A1Remittance basis
Application of remittance basis
809DApplication of remittance basis without claim where unremitted foreign income and gains under £2,000
(1)
This section applies to an individual for a tax year if—
F2(za)
the tax year is the tax year 2024-25 or an earlier tax year,
(a)
the individual is UK resident F3for that year ,
(b)
the individual is not domiciled in the United Kingdom in that year F4..., and
(c)
the amount of the individual's unremitted foreign income and gains for that year is less than £2,000.
F5unless condition A or condition B is met.
F6(1A)
Condition A is that F7... conditions A to F in section 828B are met.
(1B)
Condition B is that the individual gives notice in a return under section 8 of TMA 1970 that this section is not to apply in relation to the individual for that year.
(2)
The amount of an individual's “unremitted” foreign income and gains for a tax year is—
(a)
the total amount of what would (if this section applied) be the individual's foreign income and gains for that year, minus
(b)
the total amount of those income and gains that are remitted to the United Kingdom in that year.