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Question 3b ii
The remittance basis of taxation:
– Advice is to be provided to three non-UK domiciled individuals.
– Each of the three individuals is more than 18 years old.
Details of the three individuals:
| Name | Lin | Nan | Yu |
|---|---|---|---|
| Tax year in which the individual became UK resident | 2002/03 | 1997/98 | 2002/03 |
| Tax year in which the individual ceased to be UK resident | Still resident | 2011/12 | Still resident |
| Whether or not the individual is ordinarily resident in the UK | Yes | No | No |
| Overseas income and gains for the tax year 2012/13 | £39,200 | £68,300 | £130,700 |
| Overseas income and gains remitted to the UK for the tax year 2012/13 | £38,500 | Nil | £1,400 |
Required:
(ii) Give TWO examples of actions that would be regarded as remittances other than simply bringing cash into the UK. (2 marks)