Hi! I have read the Guidance note for RDR1, and in particular note 9.27 which stated:
9.27 Normally, if you want to claim the remittance basis, you’ve to complete a Self Assessment tax return. There are 2 exceptions to this which you will need to consider. The first is explained in paragraph 9.15. The other exception is when the following circumstances apply. You:
- are a non-domiciled UK resident for that tax year
- have no UK income or gains in the tax year (other than taxed UK income of less than £100)
- make no remittances of foreign income and gains during the tax year
- have been a non-domiciled UK resident for fewer than 7 of the previous 9 tax years, or are aged under 18 throughout the whole of the tax year
- are not required to complete a Self Assessment tax return for any other reason
In my case for tax year 2021/22 and 2022/23, I have met all the conditions above being:
I am no dorm;
I have no UK income or gain;
I have not remitted any foreign income or gain during the tax year;
I have been non dorm for fewer than 7 years; and
I am not required to complete Self Assessment tax return for other reason.
In this case, I am not required to complete self assessment tax return for both 2021/22 and 2022/23. Please advise if my understanding is correct.
I am a UK resident but non-dormciled. I do not have UK income. I have foreign income which I have not remitted to UK. In such case, do I need to file a tax return? I read somewhere that I don't need to.
Separate question. If I remit the money to and for use in UK, will I only be taxed for the income or gain arose from that particular tax year disregarded any income or gain arose in previous tax years which I did not remit any fund to UK?