Paragraph 14 Temporary disapplication of nominated income ordering rules
United Kingdom
Section 809I of ITA 2007 (remittance basis charge: income and gains treated as remitted) does not apply for a tax year in relation to an individual if—
(a)
the tax year is tax year 2025-26, 2026-27 or 2027-28,
(b)
the individual—
(i)
makes a designation of qualifying overseas capital for that tax year, or
(ii)
has made such a designation for a previous tax year, and
(c)
that section has not applied in relation to that individual for the tax year 2024-25 or an earlier tax year.