United Kingdom · Tax regime
Temporary Repatriation Facility
Open
Last verified July 2026
A hard three-year window: 2025/26, 2026/27 and 2027/28. It closes permanently on 5 April 2028, and the rate does not rise beyond 15%. It simply ceases to exist, after which the ordinary remittance rules of up to 45% return.
This is the cheapest exit any long-standing UK non-dom will ever be offered on decades of trapped offshore income and gains, a one-time amnesty priced at roughly a quarter of the ordinary remittance charge. Once designated and taxed, the funds can be brought onshore and spent with no further UK tax. The historic mixed-fund tracing problem disappears with them.
The facts
- Total landed cost
- The rate is 12% of designated capital for amounts designated in 2025/26 or 2026/27, and 15% for amounts designated in 2027/28. On GBP 10m of unremitted historic FIG, that works out to GBP 1.2m now, versus up to GBP 4.5m on an ordinary remittance later.
- Route type
- Tax regime, not a visa
- Physical presence
- Not applicable, but you must be UK resident in the year of designation.
- Family
- Individual only. Each former remittance basis user designates their own qualifying overseas capital
- Permanent residency
- Not applicable
- Citizenship
- Not applicable
- Dual citizenship
- Permitted
- Requirements
- previously taxed on the remittance basis, whether by claim or automaticallyhold qualifying overseas capital representing pre-6 April 2025 foreign income and gainsUK resident in the tax year of designationdesignate the amount on the Self Assessment return for 2025/26, 2026/27 or 2027/28
What can go wrong
- The deadline is the product. Designation must happen by 5 April 2028, and there is no evidence of any intention to extend it. The 12% rate specifically dies on 5 April 2027.
- You must have actually paid tax on the remittance basis previously, whether by claim or automatically. Individuals who assumed they were remittance basis users but never were do not qualify.
- Designation is irrevocable, and the tax is due whether or not you ever remit the money. Designating capital you will never bring onshore is a pure cash loss.
- Identifying and quantifying qualifying overseas capital inside decades-old mixed funds is expensive forensic work. Firms are quoting six-figure fees on complex estates. The analysis itself takes months. Starting in 2027 may be too late.
- Interaction with offshore trusts is intricate. It was the subject of technical amendments in Finance Bill 2025-26. Trust-held FIG needs specialist advice, not a spreadsheet.