2(1)Section 809C (claim for remittance basis by long-term UK resident: nomination of foreign income and gains to which section 809H(2) is to apply) is amended as follows.U.K.
(2)In subsection (1), for paragraph (b) substitute—
“(b)meets the 12-year residence test or the 7-year residence test for that year.”
(3)After that subsection insert—
“(1A)An individual meets the 12-year residence test for a tax year if the individual has been UK resident in at least 12 of the 14 tax years immediately preceding that year.
(1B)An individual meets the 7-year residence test for a tax year if the individual—
(a)does not meet the 12-year residence test for that year, but
(b)has been UK resident in at least 7 of the 9 tax years immediately preceding that year.”
(4)In subsection (4), for “£30,000” substitute “—
(a)for an individual who meets the 12-year residence test for that year, £50,000;
(b)for an individual who meets the 7-year residence test for that year, £30,000.”