One of the consequences of deciding to make a claim under ITA07/s809B to be taxed on the remittance basis is the loss of entitlement to various personal tax allowances (PAs) and the annual exempt amount (AEA) for capital gains tax purposes.

Remittance basis users who are accessing the remittance basis under ITA07/s809D because they are below the £2,000 threshold or ITA07/s809E because they have limited/no income or gains liable to UK tax will retain their PAs and AEA.

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