Commentary on Sections Overview Overview
3088.This Chapter provides an alternative to the arising basis for calculating the charge on relevant foreign income where a claim is made by an eligible claimant. It is based on section 65 of ICTA. The well-known term “remittance basis” is used in the Chapter heading and section headings but not in the sections themselves.
3089.The term is also used in section 878(2) (other definitions). The definition in that section applies for the purpose of the expression “a person to whom the remittance basis applies” (see, for example, sections 357 (charge to tax on overseas property income) and 857 (partners to whom the remittance basis may apply)).
3090.The Chapter includes a relief for “delayed remittances”, based on section 585 of ICTA.