Part 14Income tax liability: miscellaneous rules
C1C2C3C4C5C6F1Chapter A1Remittance basis
Pt. 14 Ch. A1 modified by 2003 c. 1, s. 41A(8) (as inserted (with effect in accordance with Sch. 7 para. 80 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 22)
Pt. 14 Ch. A1 modified by 2003 c. 1, s. 41A(8) (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 80 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 22)
Pt. 14 Ch. A1 modified by 1988 c. 1, s. 762ZB(3) (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 98 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 94)
Pt. 14 Ch. A1 modified by 1992 c. 12, s. 87B(3) (as inserted (21.7.2008 with effect in accordance with Sch. 7 para. 115 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 108 (with Sch. 7 paras. 116-119))
Pt. 14 Ch. A1 modified (with effect in accordance with art. 1(2)(3) Sch. 1 of the amending S.I.) by The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001), regs. 1(1), 19(3)
Pt. 14 Ch. A1 modified by 2003 c. 1, s. 41F(8) (as substituted (6.4.2015) by Finance Act 2014 (c. 26), Sch. 9 paras. 5, 47 (with Sch. 9 para. 48))
Effect of section 809B, 809D or 809E applying
C8C7809HClaim for remittance basis by long-term UK resident: charge
1
This section applies if—
a
section 809B (claim for remittance basis to apply) applies to an individual for a tax year (“the relevant tax year”),
b
the individual is aged 18 or over in the relevant tax year, and
F41A
2
Income tax is charged on nominated income, and capital gains tax is charged on nominated chargeable gains, as if section 809B did not apply to the individual for the relevant tax year (and neither did section 809D).
3
“Nominated” income or chargeable gains means income or chargeable gains nominated under section 809C in the individual's claim under section 809B for the relevant tax year.
F73A
If the individual is a Scottish taxpayer for the relevant tax year, the individual is to be treated for the purpose of calculating income tax charged by virtue of subsection (2) as if the individual were not a Scottish taxpayer for that year.
4
If the relevant tax increase would otherwise be less than F5the applicable amount, subsection (2) has effect as if—
a
in addition to the income and gains actually nominated under section 809C in the individual's claim under section 809B for the relevant tax year, an amount of income had been nominated so as to make the relevant tax increase equal to F5the applicable amount, and
b
the individual's income for that year were such that such a nomination could have been made (if that is not the case).
5
“The relevant tax increase” is—
a
the total amount of income tax and capital gains tax payable by the individual for the relevant tax year, minus
b
the total amount of income tax and capital gains tax that would be payable by the individual for the relevant tax year apart from subsection (2).
F25A
The references to income tax in subsection (5) do not include income tax under section 424 (gift aid).
F65B
The applicable amount” is—
F13za
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a
if the individual meets the 12-year residence test for the relevant tax year, F9£60,000;
b
if the individual meets the 7-year residence test for the relevant tax year, £30,000.
6
Nothing in subsection (4) affects what is regarded, for the purposes of section 809I or 809J, as nominated under section 809C.
Pt. 14 Ch. A1 inserted (21.7.2008 with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 1 (with Sch. 7 paras. 85-89)