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STOP PRESS: At Spring Budget 2024, the Chancellor announced that the remittance basis would be abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules will still apply to unremitted income and gains arising before that date but remitted later. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

This guidance note introduces the remittance basis of taxation that can be accessed by certain UK resident individuals and explains what ‘remittance basis’ means. It contains links to guidance notes that discuss the concepts in more detail.

Note that this guidance note discusses the legislation which applies from 6 April 2008 only, however if foreign income or gains are remitted in the current year that arose prior to 6 April 2008 then the old rules must be used, which were mostly based on case law. For the earlier rules and transitional provisions, see RDRM36000–RDRM36470 and Simon’s E6.332AA–E6.332B.

This guidance note does not cover trusts. For the interaction