Skip to main content

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

Posted Fri, 02 Dec 2022 11:21:14 GMT by HSYVIN22
Hi HMRC, For "Remittance Basis" taxation, could you please share with me the details (or share me the links) on how to calculate the tax amount for remitted income & remitted gains? Also, how can I estimate the tax payable for my income (only foreign interest, dividend and rental income, no UK income) if I choose to tax on "Arising Basis"? Many Thanks.
Posted Fri, 02 Dec 2022 15:55:11 GMT by HMRC Admin 32
Hi,

Please refer to guidance here:

Paying tax on the remittance basis (Self Assessment helpsheet HS264)

Thank you.
Posted Sat, 03 Dec 2022 10:37:04 GMT by HSYVIN22
Hi HMRC, Thanks for your reply. I have read through the guidance note “Remittance Basis 2022 (HS264)” but still not clear on how the tax amount is calculated. Are there any examples I can reference? Also, for my second question, could you please provide some details on how to estimate the tax payable for my income (only foreign interest, dividend & rental income, no U.K. income !) under “Arising Basis”? I am trying to evaluate the option between “Remittance Basis” and “Arising Basis”. Many Thanks
Posted Wed, 07 Dec 2022 08:14:18 GMT by HMRC Admin 19
Hi,

You can see the following guidance which will also answer your second question:

Guidance note for residence, domicile and the remittance basis: RDR1

Thank you.

You must be signed in to post in this forum.