RBC

Dear Administrator, I am qualified to apply for remittance basis. I would like to clarify my question. I am 3 years UK resident and would like to I use remittance basis this year 2024-2025 for another 4 tax years. My question is: Do I subject to the RBC if I opt out remittance basis and using arising base from my 8th tax year under existing regulation? Thank you

Hi,

You can see guidance here:

RDRM32020 - Remittance Basis: Accessing the remittance basis: Claiming the remittance basis: Making a claim

RDRM32390 - Remittance basis: accessing the remittance basis: remittance basis charge - nomination of foreign income and gains: payments on account - interaction with the remittance basis charge (RBC)

Thank you.