# Finance Act 2012, Paragraph 3


(1) Section 809H (claim for remittance basis by long-term UK resident: charge) is amended as follows.
(2) In subsection (1), for paragraph (c) substitute—
“(c) the individual meets the 12-year residence test or the 7-year residence test for the relevant tax year.”
(3) After that subsection insert—
“(1A) See section 809C(1A) and (1B) for when an individual meets the 12-year residence test or the 7-year residence test for a tax year.”
(4) In subsection (4), for “£30,000”, in each place it occurs, substitute “ the applicable amount ”.
(5) After subsection (5A) insert—
“(5B) The applicable amount” is—
(a) if the individual meets the 12-year residence test for the relevant tax year, £50,000;
(b) if the individual meets the 7-year residence test for the relevant tax year, £30,000.”

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Source: https://www.legislation.gov.uk/ukpga/2012/14/schedule/12/paragraph/3 (the official version)
Page: https://openlegislation.uk/finance-act-2012/schedule-12/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.