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Remittance of securities and options income to the UK and the treatment of UK shares
Practical Law UK Practice Note 7-382-7749 (Approx. 8 pages)
Remittance of securities and options income to the UK and the treatment of UK shares
by Practical Law Share Schemes & Incentives
| Law stated as at 05 Apr 2013 • UK |
This practice note sets out our analysis of the remittance to the UK of securities or options income relating to non-UK duties, for resident but non ordinarily resident taxpayers claiming the remittance basis.
From Royal Assent of Finance Act 2013, the concept of ordinary residence has been abolished and a statutory residence test has come into force (see Practice note, Statutory residence test for individuals). We are currently reviewing this practice note in the light of this development.