Section 735C — Income Tax Act 2007: Historical operation of section 733C or 733E where remittance basis applied

Historical operation of section 733C or 733E where remittance basis applied 735C 1 This section applies in relation to income if—

a the income was treated as arising to an individual for any of the tax years 2018-19 to 2024-25 —

i as a result of the operation of section 733C(3) and (4) where section 733C(3) applied because of section 733C(2), or ii as a result of the operation of section 733E, and b section 809B, 809D or 809E (remittance basis) applied to the individual for that year.

2 The income is treated as relevant foreign income of the individual.

3 For the purposes of Chapter A1 of Part 14 (remittance basis) treat the onward payment, or (as the case may be) the part of it whose amount or value is equal to the amount of the income, as deriving from the income.

4 In the application of section 832 of ITTOIA 2005 in relation to the income, subsection (2) of that section has effect with the omission of its paragraph (b).

5 A reference in subsection (1) to section 733C or 733E (or to any provision of either section) is to that section (or provision) as it had effect for the tax year for which income was treated as arising to the individual.