Tax on foreign income

Walter Sinclair and Barry Lipkin

Chapter Chapter 18 in St. James’s Place Wealth Management Tax Guide 2012–2013, 2012, pp 270-282 from Palgrave Macmillan

Abstract: Abstract Many UK residents who are not domiciled in any part of the UK or are not ordinarily resident here have hitherto enjoyed the facility to pay tax in respect of certain foreign income and gains by reference to amounts actually or deemed to be remitted to the UK in each tax year, rather than by reference to the amounts arising for the year. However, mainly from 6 April 2008, significant changes were made, which are described here. So as to preserve your ability to refer to the previous regime, when reviewing your tax affairs for 2007–08 or earlier, our commentary on the old rules remains unchanged (18.1.1–18.1.3).

Keywords: Capital Gain; Detailed Rule; Foreign Business; Double Taxation; Foreign Income (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-29080-9_18

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DOI: 10.1057/9781137290809_18

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