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Posted Mon, 30 Sep 2024 19:05:52 GMT by lion qui
For a non-domiciled UK resident,does the UK tax on foreign income only apply to the portion of income over 2,000 GBP? For example if the foreign income is 3,000 GBP is only the portion above 2,000 GBP which is 1,000 GBP taxable?
Posted Wed, 09 Oct 2024 08:02:48 GMT by HMRC Admin 17 Response

Hi ,
 
It is anything that is remitted.

The £2k limit applies in respect of the remittance basis charge .

Thank you .
Posted Fri, 25 Oct 2024 14:26:03 GMT by lion qui
Hi, I will not claim the ‘remittance basis’ since I see it charges £30k/year after 7 years and it does not make sense to pay this amount for a minor income of £2-3k. Also this income is not brought to UK and already taxed in the foreign country. So in this case is there an allowance limit for a non-domiciled UK resident? I see in the HRMC website I see it says following: "You do not pay UK tax on your foreign income or gains if both the following apply: they’re less than £2,000 in the tax year you do not bring them into the UK, for example by transferring them to a UK bank account" So if the income is slightly more than £2k do I need to pay tax for only the portion that is above £2k?
Posted Fri, 01 Nov 2024 12:04:07 GMT by HMRC Admin 19 Response
Hi,
if you are UK resident and domiciled, you are taxed on your worldwide income whether you bring it to the UK or not. the only exception is where the laws of the country actually stop you from removing it.
Thank you.

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