The first self assessment reporting season under the new foreign income and gains (FIG) regime is approaching. If you’re completing your own tax return, the focus may be on the reliefs available, but taking the time to get the right claims, calculations and elections in place can be just as important. Here are 10 things to think about.

The introduction of the foreign income and gains (FIG) regime from 6 April 2025 marked one of the most significant changes to the taxation of internationally mobile individuals in recent years. Following the abolition of the remittance basis, most UK-resident individuals are now taxed on an arising basis, regardless of domicile status, with FIG relief available to qualifying new residents.