Foreign income and gains regime from 6 April 2025


Published by a ³ÉÈËÓ°Òô Private Client expert
Practice notes

Foreign income and gains regime from 6 April 2025


Published by a ³ÉÈËÓ°Òô Private Client expert

Practice notes
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From 6 April 2025, all UK residents are taxed on the arising basis of assessment on their worldwide income and gains. For details of the remittance basis of assessment which was available to non-UK domiciled individuals prior to 6 April 2025, see Non-domiciliaries and the remittance basis—overview.

Foreign income and gains regime from 6 April 2025

From 6 April 2025, a new four-year regime will be available providing 100% relief on eligible foreign income and gains (FIG) for qualifying new residents in the UK in their first four years of tax residence.

Individuals with foreign employment income who are eligible for the FIG regime may also be able to claim relief in respect of their foreign employment income under the revised rules for Overseas Workday Relief (OWR). For information on the OWR regime from 6 April, see Practice Note: The abolition of the remittance basis of taxation from 2025–26—Overseas Workday Relief.

Claims must be made for the reliefs to be available and can be made for the 2025–26 tax year onwards.

Individuals

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United Kingdom

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