CG25340 - Remittance basis: meaning of remitted to the United Kingdom: introduction
Changes from 6 April 2025
The remittance basis has been abolished and new rules have been introduced from the 2025/26 tax year.
The latest guidance can be found in RFIG聽for Residence and聽RDRM聽for Domicile manuals.
Please note that cases which occur from 6 April 2025 onwards will be determined in accordance with the new rules.
Schedule 7 Finance Act 2008 introduced a detailed set of rules for determining when a foreign chargeable gain is remitted to the United Kingdom, and hence when a charge to Capital Gains Tax may arise. Those rules are in Chapter A1, Part 14 of the Income Tax Act 2007 and they apply to an individual鈥檚 foreign income as well as to his or her gains on non-UK assets. Detailed guidance on these rules is given in the Residence, Domicile & Remittances Manual and is not repeated here. The following paragraphs contain a brief outline of the rules and an account of some provisions specific to chargeable gains:
gains remitted by or for the benefit of the individual or other relevant persons |
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gains etc. gifted to others where the donor enjoys a benefit |
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other reciprocal arrangements |
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mixed funds |
You should refer to detailed guidance in the Residence, Domicile & Remittances Manual in all cases of doubt.