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  • RE: Tax Calculation for Remitted Income & Gains

    Hi HMRC, Thanks for your reply. I have read through the guidance note “Remittance Basis 2022 (HS264)” but still not clear on how the tax amount is calculated. Are there any examples I can reference? Also, for my second question, could you please provide some details on how to estimate the tax payable for my income (only foreign interest, dividend & rental income, no U.K. income !) under “Arising Basis”? I am trying to evaluate the option between “Remittance Basis” and “Arising Basis”. Many Thanks
  • Tax Calculation for Remitted Income & Gains

    Hi HMRC, For "Remittance Basis" taxation, could you please share with me the details (or share me the links) on how to calculate the tax amount for remitted income & remitted gains? Also, how can I estimate the tax payable for my income (only foreign interest, dividend and rental income, no UK income) if I choose to tax on "Arising Basis"? Many Thanks.