text_body: --- DIVISION TITLE ---
  
  Budget Resolution 13. Business Investment Relief
  
  --- MOTION EFFECT ---
  
  The motion supported by the majority of MPs in this vote was:
  
  :That provision (including provision having retrospective effect) may be made about the conditions under which business investment relief in [https://www.legislation.gov.uk/ukpga/2007/3/part/14/chapter/A1 Chapter A1 of Part 14 of the Income Tax Act 2007] is available.
  
  
  Section 809VA of [https://www.legislation.gov.uk/ukpga/2007/3/part/14/chapter/A1 Chapter A1 of Part 14 of the Income Tax Act 2007] which provided for ''Business investment relief'' was introduced by [http://www.legislation.gov.uk/ukpga/2012/14/schedule/12/paragraph/7#text%3D809VJ Schedule 12 PART 2 Paragraph 7 of the Finance Act 2012]
  
  
  ''Business investment relief'' enables foreign income and gains to be invested in the UK without becoming subject to taxation under the [https://www.gov.uk/government/publications/remittance-basis-hs264-self-assessment-helpsheet/hs264-remittance-basis-2014]"remittance basis" alternative tax treatment] available to individuals who are resident, but not domiciled, in the UK. "Remittance basis" is an alternative to paying to  UK tax on worldwide income and gains, and instead paying tax on UK 
  income and gains and foreign income and gains if and when they are brought to the UK.[1]
  
  
  * [1] [https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/528018/RDR1-residence-domicile-remittance.pdf HM Revenue and Customs, Guidance Note: Residence, Domicile and the Remittance Basis]
  
  
  --- COMMENTS AND NOTES ---
  
  (put thoughts and notes for other researchers here)
  