39. REMITTANCE BASIS CHARGE Flashcards
1
Q
what are conditions for remittance charge
A
if person claims remittance and was resident for 7 of last 9 years and over 18 years old
2
Q
what is the remittance basis charge in £
A
30k
or 60 k if has been in UK for 12 of last 14 years
3
Q
what is split year rule for remittance basis charge
A
no split year - full amount payable if want to use remittance basis and have been a UK resident for just one day of the tax year
