You and Your Family

The good news is that effective from 6th April 2025, individuals who come to the UK after a period of at least ten consecutive UK tax years of non-UK residence are able to claim UK tax relief on most sources of non UK (foreign) income and gains (‘FIG’) that accrue during their first 4 years of UK tax residence including as a general rule, relief in respect of their foreign employment income during this period. This regime is called the FIG regime.

An individual meeting the eligibility criteria must decide if they want to use the FIG regime to make a claim to the UK Revenue.

A claim for relief must include details and the amount of the foreign income and gains to be relieved. There is no limit to the amount of FIG relief that can be claimed.

If FIG relief is not claimed, the new arrival is taxed in the UK on their global income and gains from Year 1 whether or not such income and gains enjoyed/remitted here.

You need to consider and decide whether or not to claim the FIG regime to 5th April. If you have already put your plans in place to move here, we should speak. I will need to understand if you are moving here  for professional or lifestyle reasons. I will then need to understand if you are coming here to live long term or for a limited period.

If you are coming to work in the UK, it will matter whether it is for your business of someone else’s.

We’ll need to understand how your employment income and benefits will be taxed , how your private investments in your home country will be taxed in the UK, and the implications of bringing your wealth with you. If you are here for the long-term we’ll also need to discuss estate planning issues for you and your family.

This will enable us to decide for example the most effective way to buy your home, to plan for your family’s future, and to ensure that there will be no unpleasant surprises once you have settled in the UK.