Long-Term Residents – Mixed Fund Cleansing Print
This measure allowed any non-domicile who has clean capital in a bank account which
has become mixed with income and/or gains to analyse the account to establish its component parts, and then to segregate the income and gains from the clean capital, so that the capital may be remitted to the UK without triggering a tax charge. There was a 2-year time limit to carry out any cleansing and segregation and that expired on 5 April 2019. There is no time-limit on remitting the cleansed funds to the UK and provided that they are not mixed with further income or gains prior to remittance to the UK the remittance does not trigger any tax charge.