Hi, I'm currently a UK tax resident and claiming remittance basis. I have sold an offshore mutual fund of which the fund management is a US company and holds a global investment portfolio including UK companies' securities and bonds. In such case, does the gain from the sale of this mutual fund fall under foreign income and gains and will not be taxed until I make a remittance into the UK, or will any part of it be taxed right away as the portfolio consists of some UK companies' securities and bonds? Does it make a difference if it is a reporting fund or non-reporting fund? In a nutshell, which characteristics of the mutual fund should be looked at in making the differentiation if it falls under foreign income and gain to be taxed on remittance basis or UK income and gains that are taxed on arising basis? Country of incorporation of the mutual fund, portfolio mix of the mutual fund or what other characteristics?