UK INDIVIDUAL TAX
Remittances

(Money brought into or enjoyed in the UK)

UK domiciliaries who are resident and ordinarily resident in the UK are taxed on worldwide income and gains as they arise.

Other UK residents may be taxed on certain income and/or gains as they are remitted (brought) to the UK. Remittances can be divided into two sorts, actual remittances and constructive remittances.

If an individual is resident but not ordinarily resident he or she is taxable on actual remittances of overseas investment income and overseas employment income (the definition of remittance being stricter when applied to employment income). If not domiciled in the UK, an individual is also taxable on actual remittances of overseas gains (a UK domiciliary would be taxed on gains arising).

An individual who is not domiciled in the UK but resident and ordinarily resident in the UK will be taxable on both actual and constructive remittances.

Remittances can be either Actual remittances or Constructive remittances.