I have ended up with quite a lot of US citizen clients, so non dom. While I am happy with the rules and my clients have US tax advisers, I should be grateful for any thoughts on the following practical issues as I have not had to claim the remittance basis for a client before.
- is the only way to claim by registering for self-assessment (or is this just HMRC’s list which says so)?
- do you always have to put the amount of income and gains for which you are claiming the remittance basis on the SA return?
- if you had say $50 of unremitted dividends then it is best to not claim the remittance basis since you lose the personal allowance. So your software should remove the PA - Taxfiler has left both so a bit confusing that it let me do that.