Despite damning headlines in recent weeks about changes to the foreign chargeable gains regime, the outlook should not be considered entirely bleak, says Clare Pooley

From 6 April 2025, a new foreign income and foreign chargeable gains (‘FIG’) regime was introduced for internationally mobile individuals, replacing the remittance basis regime historically available to non-UK domiciled individuals.

Despite damning headlines in recent weeks, the outlook should not be considered entirely bleak. Designed for ‘qualifying new residents’ (QNR), broadly those individuals who have not been UK resident in the previous 10 tax years, QNRs will be exempt from UK tax on their FIG for their first four tax years of UK residence.

This arguably outshines the old “non-dom” regime as these new arrivals will not pay UK tax on qualifying FIG arising in the first four tax years, whether these funds are remitted or brought to the UK. These funds can........

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