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  • Tax - Election for foreign losses
    Election for foreign lossesIf you are non-UK domiciled but tax resident here, you may claim the remittance basis. To receive any kind of relief for foreign losses, an election must be made, but this shouldn't be done without careful consideration.DomicileIf you are UK resident, but not domiciled or deemed domiciled, then the availability of foreign losses depends on the basis of taxation you use. If you are using the arising basis, you are treated like any UK domiciled resident, and can claim relief for foreign...
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