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HMRC internal manual

Residence, Domicile and Remittance Basis Manual

Remittance Basis: Exemptions: Repair rule - allowable repair premises

Property of any description that derives from foreign income or foreign chargeable gains that is brought to the UK is exempt property if it meets the repair rule. This rule requires that the property is under repair at allowable repair premises, referred to as repair rule premises in the legislation (ITA07/s809Z3(4)).

This includes the place at which the property will be repaired or restored together with any other commercial storage premises that are used by the restorer.

It is possible that insurance conditions are attached to the storage and handling of valuable works of art etc. This might include that restoration must take place at an approved premises. Where those premises are commercial premises of a professional restorer, no questions need be asked.

However, if the repair or restoration work takes place at a property owned by the taxpayer, evidence should be obtained to support any statement that the repair rule should apply.

Please refer to Specialist Personal Tax, PTI Advisory, Foreign Income and Remittance Basis Team if further detail is needed.