Understanding the Temporary Repatriation Facility

The government will introduce a Temporary Repatriation Facility (TRF) to ease the transition from the remittance basis. This option allows non-doms to repatriate foreign gains at a reduced tax rate, provided it is brought into the UK within a specific time frame.

Rebasing Foreign-Held Assets

Non-doms will also be able to rebase their foreign-held assets to their value at the beginning of the new regime, protecting some asset value from UK tax on future gains.