Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Wed, 03 Jan 2024 21:52:22 GMT by soccercrzy
Hello -- I've read through the https://www.gov.uk/guidance/cleansing-mixed-funds page, but unless I'm misunderstanding things, it would appear there is no way to cleanse capital after 5 April 2019. Is that the correct understanding? This page continues to be linked to in recent posts within the past year so it makes me think there is still a way. Thanks, -Chris
Posted Wed, 10 Jan 2024 16:45:31 GMT by HMRC Admin 19 Response
Hi,

The cleansing of mixed funds only applied to the remittance basis until 5 April 2019. After that any income received outside of the UK, was classed as foreign income. The arising basis applies to all worldwide income.You can see guidance here:

Remittance basis 2023 (HS264)

Thank you.

You must be signed in to post in this forum.