# Finance Act 2012, Paragraph 2


(1) Section 809C (claim for remittance basis by long-term UK resident: nomination of foreign income and gains to which section 809H(2) is to apply) is amended as follows.
(2) In subsection (1), for paragraph (b) substitute—
“(b) meets the 12-year residence test or the 7-year residence test for that year.”
(3) After that subsection insert—
“(1A) An individual meets the 12-year residence test for a tax year if the individual has been UK resident in at least 12 of the 14 tax years immediately preceding that year.
(1B) An individual meets the 7-year residence test for a tax year if the individual—
(a) does not meet the 12-year residence test for that year, but
(b) has been UK resident in at least 7 of the 9 tax years immediately preceding that year.”
(4) In subsection (4), for “£30,000” substitute
“—
(a) for an individual who meets the 12-year residence test for that year, £50,000;
(b) for an individual who meets the 7-year residence test for that year, £30,000.”

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/12/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-12/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.