Basis of assessment
You'll learn how an individual's residence status determines the basis on which they're taxed on income. This section covers the three key scenarios: UK residents taxed on worldwide income, qualifying new residents subject to the foreign income and gains regime (from 6 April 2025), and non-UK residents taxed on UK
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In this lesson
- 0:00 Basis of assessment to income tax
- 0:23 Residence status and tax treatment
- 0:39 Foreign income and gains regime overview
- 0:54 Non-UK resident taxation rules
About this lesson
income only. Understanding these distinctions is essential for correctly applying income tax rules in your TX and ATX exams and in practice.
Duration: 1m
Transcript
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