From non-dom to FIG: All the changes advisers need to know

On 6 April 2025, the UK's "non-dom" tax regime was abolished and replaced with a new residence-based foreign income and gains (FIG) regime and "long-term residence" test for UK inheritance tax purposes.  The FIG regime The new FIG regime applies for four years and provides qualifying individuals with 100% relief from UK tax on their FIG, whether or not they bring them to the UK.  To qualify for the regime, an individual must have been non-UK resident for ten consecutive UK tax years. They must claim the relief in each qualifying tax year and quantify and identify the source of FIG f...