15 June 2006
I would welcome readers' comments in connection with the remittance basis applying to individuals resident, but not domiciled, in the UK.
If foreign dividends credited to a foreign bank account are withdrawn in cash and the currency, or sterling equivalent, is brought into the UK there does not seem to be any doubt that the amount brought into the UK constitutes a remittance to the UK. Do readers agree that the taxable amount is the whole amount of cash brought into the UK irrespective of whether or not it is all spent here?
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