Remittance basis ― formal claim

Produced by a Tolley Personal Tax expert

Personal Tax

Guidance

This guidance note considers how to make a formal claim for the remittance basis for a tax year between 2008/09 and 2024/25 inclusive and the consequences of making that claim.

An outline of the remittance basis can be found at the Remittance basis ― overview guidance note. For the machinery of the charge, including nomination and payment, see the Remittance basis ― nomination, charge and payment guidance note.

A discussion of what is meant by a remittance can be found in the When are income and gains remitted? guidance note.

Abolition of the remittance basis for foreign income and gains arising on or after 6 April 2025

From 6 April 2025, the remittance basis of taxation is repealed as a consequence of the removal of domicile as a connecting factor for tax purposes. This is replaced with a regime linked to the number of years of UK residency, which is colloquially referred to as the foreign income and gains regime (FIG regime). Although this is not a statutory term, it is a useful shorthand to reference

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Remittance basis ― formal claim

Remittance basis ― formal claim