UK HMRC Provides Guidance on the New Foreign Income and Gains Regime for Individuals

UK HMRC has published guidance on the Foreign income and gains (FIG) regime (2026). The FIG regime is a tax system introduced on 6 April 2025 to replace the old remittance basis of assessment. It allows qualifying new residents who have been non-UK residents for at least 10 consecutive years to claim full UK tax relief on their foreign income and gains during their first 4 years of UK residence. Under this regime, individuals do not pay UK tax on these specific foreign funds, and unlike the …