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Income tax is charged on the overseas property income of a person to whom the remittance basis applies.
Modifications etc. (not altering text)
C1Ss. 353-368 modified (7.4.2005) by Finance Act 2005 (c. 7), s. 51(2)
In this Chapter “overseas property income”, in relation to a person to whom the remittance basis applies, means amounts which—
(a)are not brought into account in calculating the profits of any overseas property business of the person, but
(b)would be if section 269(3) (charge to tax on profits of an overseas property business of a person to whom the remittance basis applies only in respect of land in the Republic of Ireland) were omitted.
Modifications etc. (not altering text)
C2Ss. 353-368 modified (7.4.2005) by Finance Act 2005 (c. 7), s. 51(2)
Tax is charged under this Chapter on the amount specified by section 832 (relevant foreign income charged on the remittance basis).
Modifications etc. (not altering text)
C3Ss. 353-368 modified (7.4.2005) by Finance Act 2005 (c. 7), s. 51(2)
The person liable for any tax charged under this Chapter is the person receiving or entitled to the income.
Modifications etc. (not altering text)
C4Ss. 353-368 modified (7.4.2005) by Finance Act 2005 (c. 7), s. 51(2)