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Switching between “Arising Basis” and “Remittance Basis”

Answer
toclarify
Posted Sat, 16 Nov 2024 15:44:54 GMT by toclarify
I arrived at the UK in mid 2022 and have become a tax resident in the Fiscal Year of 2022-2023. My questions is: If I have chosen “Arising Basis” in the Fiscal Year of 2022-2023, can I switch to “Remittance Basis” in the Fiscal Years of 2023-2024 and 2024-2025 for the foreign income and capital gains I earned in these 2 fiscal years ?
Answer
HMRC Admin 10 Response
Posted Tue, 19 Nov 2024 16:20:48 GMT by HMRC Admin 10 Response
Hi
Yes you can.

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