Residence, Domicile and the Remittance Basis – New Guide Published
HMRC have now published RDR1, a guide for UK residents and non-residents on the residence, domicile and remittance basis rules for tax years 2012-13 onwards. This replaces the booklet HMRC6. RDR1 should be read in conjunction with the Statutory Residence Test (SRT) legislation and the SRT Guidance Note RDR3.
Specifically, the guide provides information about how residence and domicile affect the payment of tax in the UK on foreign income/chargeable gains from the 6 April 2013 onwards. It also refers to the new SRT which was introduced in Finance Act 2013.
Information is also provided on the remittance basis of taxation from 6 April 2013, but the guide does not yet incorporate the guidance on remittance basis changes from 2012, which are covered at several links on the HMRC website.
The previous guidance Residence, Domicile and the Remittance Basis (HMRC6) applies for all tax years ending on or before 5 April 2013.
HMRC stress that this guidance offers general information on how the rules apply, but whether the guidance is appropriate in a particular case will depend on all the facts of that case.