Strategic Planning Under the New Foreign Income & Gains (FIG) Regime

Introduction

The introduction of the Foreign Income and Gains (FIG) regime from 6 April 2025 represents one of the most significant reforms to the UK taxation of internationally mobile individuals in recent years.

While the regime offers generous relief for eligible new UK residents, advisers must navigate a range of complex rules and interactions to ensure clients maximise the available opportunities while avoiding costly pitfalls.

This practical face-to-face seminar goes beyond the legislation to focus on the strategic planning issues that arise throughout the lifecycle of the FIG regime. Using realistic case studies and practical examples, delegates will explore how the rules apply in practice, from pre-arrival planning through to the transition out of the regime after the four-year exemption period.

This course is aimed at accountants, tax advisers, private client lawyers and global mobility specialists who advise internationally mobile individuals and families.

What You Will Learn

This course will cover the following:

• Planning opportunities before an individual becomes UK resident
• Determining when a claim under the FIG regime is advantageous - and when it is not
• Maximising the benefits of the four-year exemption period
• Strategic planning for different types of foreign income and capital gains
• The interaction between the FIG regime and Overseas Workday Relief (OWR)
• The implications of claiming FIG relief for double tax treaty relief and foreign tax credits
• How the FIG regime interacts with offshore trusts, settlements legislation and the transfer of assets abroad rules
• Planning for clients with overseas companies, investment structures and family wealth arrangements
• Preparing clients for the end of the FIG regime and the transition to normal UK taxation
• Common pitfalls, practical planning points and areas of HMRC focus
• Applying the rules to realistic case studies to develop practical advisory solutions