Daisy8151

Dear Sir, The link “Residence, remittance basis etc notes” doesn’t work. Could you please re-paste it? Thanks a lot.

Dear Sir, thanks for your reply. From the guidance you provided, I understand that an election should be made for foreign loss to remain allowable losses in the tax year which the remittance basis I applied and the individual is not domiciled in the UK. Could you please advise where in the tax form SA108 and SA109 should I make such an election? In SA108, should I include the losses in box 27? And what relevant code should I put in box 28? I can’t find the remittance basis code in the “claim, election or notice” code list as stated in Capital Gains Tax summary note. In SA109, I should put “X” in box 28. Should I put the losses in Box 35 and provide the details in Box 40? Please advise. Thanks so much for your help.

I have capital loss from my foreign investment and I may opt to be taxed on a remittance basis in the same year. Can this capital loss be carried forward under the remittance basis? If it is allowed, can this capital loss be offset my future capital gain only in the tax years under arising basis. Thanks a lot.

I have received carried interest from my previous employer. The carried interest is for the period of 2020 to 2023. I become a UK tax resident in 2022. For capital gain tax on this carried interest, should 50% of it or the full amount be considered as the taxable income? Please advise. Thanks a lot.