RDRM34230 - Remittance basis: exemptions: temporary importation rule - period of importation

Where property is brought to the UK under the temporary importation rule ITA07/s809Z4 provides rules that define what is not a ‘countable day’.

The definition of what is not a countable day uses the term ‘period of importation’.

’Period of importation’ is defined at ITA07/s809Z(8) and (9). The term broadly means a period of time that:

• begins when property is brought to the United Kingdom in circumstances in which if it were not for the exempt property rules there would be a taxable remittance to the UK,
• ends when the property ceases to be in the UK.