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Posted Wed, 18 Sep 2024 22:38:34 GMT by Sachin Grover
I am domiciled in UK for last 18 years. I have Unremitted foreign income or gains of less than £2,000 for year 23-24. Is tax due on this amount? Please confirm if The remittance of taxation applies automatically to those with unremitted foreign income or gains of less than £2,000 per tax year for both domiciled and non-domiciled in UK.
Posted Thu, 26 Sep 2024 13:32:58 GMT by HMRC Admin 25 Response
Hi Sachin Grover,
Yes, when you have been resident in the UK for at least 15 of the 20 tax years immediately before the relevant tax year, you are considered 'deemed domiciled'
Deemed Domicile rules
This means that the remittance basis can no longer apply and that your world-wide income must be taxed under the arising basis, whether or not the income or gains is remitted to the UK.
The income you mention is taxable and should be declared in a Self Assessment tax return.
Thank you. 

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