Residence & FIG Regime
The UK's Foreign Income and Gains (FIG) regime, introduced from April 2025 to replace the old non-domicile remittance basis, provides a four-year exemption from UK tax on foreign income and gains for individuals in their first four years of UK tax residence. Planning around these rules can produce significant tax savings for internationally mobile individuals.
What are the benefits?
Four-Year FIG Exemption
Individuals who have not been UK tax resident in any of the previous ten years can claim the FIG relief for their first four years of UK residence, exempting all foreign income and gains from UK tax — regardless of whether they are remitted to the UK.
Residence Determination
Whether you are UK tax resident in a given year is determined by the Statutory Residence Test (SRT). Getting this right is critical — incorrect analysis can expose you to UK tax on worldwide income unexpectedly or cause you to miss available reliefs.
Double Tax Treaty Relief
The UK has an extensive network of double tax treaties that can reduce withholding taxes on foreign income and prevent double taxation. We advise on the correct application of treaty relief for your specific income streams and country of residence.
Transitional Provisions
Former non-domicile individuals have specific transitional provisions available under the FIG regime, including the ability to rebase foreign assets to their April 2025 value and a temporary repatriation facility for formerly sheltered income and gains. We advise on making the most of these provisions.
How can Zenus Tax help?
We determine your UK tax residence position under the Statutory Residence Test
We advise on eligibility for and the mechanics of the FIG relief
We advise former non-domicile individuals on the transitional provisions and rebasing elections
We prepare the relevant sections of your Self Assessment return, including Foreign pages
Frequently Asked Questions
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