RDRM35260 - Remittance Basis: Amounts Remitted: Mixed Funds: Remittances from mixed funds containing UK or non-taxable income or gains
A mixed fund may include amounts that have already been taxed in the UK or are not taxable for some other reason. »Ê¹ÚÌåÓýapp ordering rules in s809Q apply to such amounts in the following way:
- UK employment earnings are treated as having been remitted first (ITA07/s809Q(4) - paragraph ‘a�)
- All other UK source income and gains are dealt with under category ‘i� and can only be taken into account when all of the individual’s foreign income and gains for that tax year have been remitted to the UK.