The remittance basis of assessment as regards UK source income and chargeable gains
1. Income Tax Under the provisions of Section 73 TCA 1997, the remittance basis of assessment did not apply in respect of UK source income. However, Section 73 ceased to have effect in respect of UK income arising on or after 1 January 2008 (see Section 18 Finance Act 2008). 2. Capital Gains Tax The…