Income from securities, stocks, shares or rents from outside
the United Kingdom is normally assessed on the basis of the full
amount of the income arising. This basis is changed for any person
who is resident in the United Kingdom but
An individual in either category is entitled to compute his
income for assessment by reference to the income received in the
United Kingdom.
Both bases of assessment are fully explained in IM1647 and
IM1651.
This instruction does not apply to income arising in the
Republic of Ireland (DT4060).
