Remittances - the detail

This note looks at some of the more detailed aspects of the remittance rules introduced by Finance Act 2008.

The remittance regime has been designed with a clear purpose in mind: UK resident non-UK domiciliaries who retain funds outside of the UK and who do not seek to bring those funds to, or enjoy those funds in, the UK will not be taxed on the gains and income that arise from those funds; however, the enjoyment in the UK of funds deriving from non-UK income and gains should be expected to be taxed.