Income Tax Act 2007

[F1809DApplication of remittance basis without claim where unremitted foreign income and gains under £2,000U.K.
This section has no associated Explanatory Notes

(1)This section applies to an individual for a tax year if—

(a)the individual is UK resident [F2for that year] ,

(b)the individual is not domiciled in the United Kingdom in that year F3..., and

(c)the amount of the individual's unremitted foreign income and gains for that year is less than £2,000.

[F4unless condition A or condition B is met.]

[F5(1A)Condition A is that F6... conditions A to F in section 828B are met.

(1B)Condition B is that the individual gives notice in a return under section 8 of TMA 1970 that this section is not to apply in relation to the individual for that year.]

(2)The amount of an individual's “unremitted” foreign income and gains for a tax year is—

(a)the total amount of what would (if this section applied) be the individual's foreign income and gains for that year, minus

(b)the total amount of those income and gains that are remitted to the United Kingdom in that year.]

Textual Amendments

F1Pt. 14 Ch. A1 inserted (21.7.2008 with effect in accordance with Sch. 7 para. 81 of the amending Act) by Finance Act 2008 (c. 9), Sch. 7 para. 1 (with Sch. 7 paras. 85-89)

F2Words in s. 809D(1)(a) substituted (17.7.2013) by Finance Act 2013 (c. 29), Sch. 45 para. 152(3)

F3Words in s. 809D(1)(b) omitted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 46 para. 4(a) (with Sch. 46 para. 26)

F4Words in s. 809D(1) inserted (with effect in accordance with Sch. 27 para. 15(1) of the amending Act) by Finance Act 2009 (c. 10), Sch. 27 para. 3(2)

F5S. 809D(1A)(1B) inserted (with effect in accordance with Sch. 27 para. 15(1) of the amending Act) by Finance Act 2009 (c. 10), Sch. 27 para. 3(3)

F6Words in s. 809D(1A) omitted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by virtue of Finance Act 2013 (c. 29), Sch. 46 para. 4(b) (with Sch. 46 para. 26)