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This guidance note explains when income or gains are remitted to the UK. It first discusses the general rule, using examples, and then explains the exceptions and exemptions which exist.

An outline of the remittance basis can be found at the Remittance basis ― overview guidance note.

This note only discusses the legislation which applies from 6 April 2008, and deals only briefly with transitional rules. For the earlier rules and more on the transitional provisions, see RDRM36000–RDRM36470.

For commentary on the earlier rules, please click here for the pdf extract from Tolley’s Income Tax 2012/13 below:

For simplicity, the foreign exchange implications of foreign currency bank accounts have been ignored in this guidance note and the linked examples. For the interaction between the remittance basis and foreign bank accounts, see the Remittance basis and foreign currency bank accounts guidance note.