Non-doms: Remittances from a Mixed Fund
A mixed fund is an overseas fund of money and/or property which consists of several types of income or gains and/or income or gains from several tax years. A typical example is a bank account into which different types of income, such as bank interest, dividends and earnings, or gains are paid. Another example of a mixed fund is an asset which has been purchased using a mixture of income and capital monies.
The mixed fund rules do not apply if you hold different forms of income in separate accounts.
If you use the remittance basis and you make a remittance from a mixed fund, there are strict rules that must be applied to decide the order in which amounts of income and chargeable gains within the mixed fund are remitted to the UK.