Say a UK resident, non-domiciled has £200,000 that come from UK income. So this money is remitted, straight-forward money.
They decide to move this amount abroad and make £50,000 from dividend and capital gain in a later year.
On that later year, they decide to pay taxes on the remittance basis (paying the remittance basis charge). Am I right in saying that the £50,000 will not be taxed in the UK, and it will become unremitted income (they have to keep it abroad), but the original money (£200,000) remains remitted money that they can use in the UK without issue.
Thanks!
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