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Most UK residents are taxable on their worldwide income and gains on an arising basis. This means that it is taxable when it is paid to the individual or put at their disposal, for instance, by being credited to a bank account. For details of residence, see the Residence - overview guidance note.

Individuals who are UK resident but not UK domiciled may be able to use the remittance basis of taxation. Broadly speaking, this means that they are only taxed when they bring money, or assets purchased with the money, to the UK. For more background on these terms, see the Domicile and Remittance basis ― overview guidance notes. However, note that the remittance basis is expected to be abolished for foreign income and gains arising on or after 6 April 2025. Se the Abolition of the remittance basis from 2025/26 guidance note.

In some situations an individual taxed on the arising basis may receive money overseas, for instance, by crediting a bank account or selling a chargeable asset, but is unable to move the money