Managing tax can be full of financial ups and downs, but our clients sleep well knowing they count for more with us. From managing corporate finances to addressing international personal tax needs, we take the stress away.
Foreign Income & Gains (FIG) Regime
Eastfield Accountants are considered specialists in overseas tax affairs and help you navigate your liabilities and responsibilities domestically and abroad. We particularly advise individuals in UK-to-Australia and Australia-to-UK requirements, so if you require help in this area, we could be the right fit for you.
What is FIG, what does it stand for, and what do you need to know?
It stands for Foreign Income & Gains (FIG), which refers to a UK tax regime effective from 6 April 2025 that allows qualifying new residents – those returning or arriving after at least 10 consecutive years of non‑UK residence – to claim UK tax relief on most foreign income and gains for their first four tax years of UK residence. According to HMRC
SME and Individuals Tax Specialist - Qualified Accounting Technician
Tom Noakes MAAT
I have been working in accountancy for over 12 years. After completing my training and gaining my AAT qualification, I have specialised in sole traders, partnerships, limited companies and Self Assessment for individuals.
Since 2018, I have managed my own portfolio of clients, guiding them through the practical requirements and complexities of HMRC to ensure they remain compliant while making full use of the business structures and tax reliefs available to them.
This now includes advising clients on the introduction and expansion of Making Tax Digital (MTD), helping them transition to compliant digital record-keeping, understand quarterly reporting obligations, and prepare for the evolving MTD requirements for income tax.
I pride myself on being approachable and providing clear, effective advice grounded in a detailed understanding of each client’s business and personal tax affairs. By personally delivering the accountancy and tax services they require, I ensure continuity and consistency. My clients value knowing exactly who is looking after their affairs and being able to communicate with me directly whenever they need support.
What is FIG, what does it stand for, and what do you need to know?
It stands for Foreign Income & Gains (FIG), which refers to a UK tax regime effective from 6 April 2025 that allows qualifying new residents – those returning or arriving after at least 10 consecutive years of non‑UK residence – to claim UK tax relief on most foreign income and gains for their first four tax years of UK residence. According to HMRC
What happens after 4 years?
After the four-year FIG period concludes, the individual:
Loses FIG relief, meaning foreign income and gains earned after year 4 are no longer exempt from tax.
Becomes subject to UK taxation on their worldwide income and gains on an arising basis.
Why choose Self Assessment Tax Return services?
An Overview of the New Rules
So if you are becoming a UK resident and have not been a UK resident for the previous 10 tax years, it is likely that you qualify for the new FIG regime, and an evaluation should be done to assess if it is beneficial to claim the exemption.
Providing the Ability to Bring Funds into the UK Tax‑Free
When criteria is met, it affords you the ability to bring income and gains into the UK without additional tax throughout the four-year qualifying period. The requirements vary from the previous remittance basis, so it is vital to use the latest insights and regulations to utilise the current framework.
Temporary Repatriation Facility (TRF)
For individuals who previously used the remittance basis, the FIG-regime offers a Temporary Repatriation Facility that allows historic untaxed income and gains to be transferred into the UK at a fixed, preferential tax rate.
Here’s what our clients say!
Ensure accurate and timely Self Assessment Tax Returns
Choose Eastfield Accountants as your trusted partner for comprehensive self assessment tax return services. We are committed to providing reliable and professional assistance to help you navigate the self assessment process with confidence.
By entrusting your self assessment tax returns to us, you can rest assured that your tax obligations are fulfilled accurately and efficiently. Contact us today to discuss your self assessment tax return needs.
Ready to ensure accurate and timely Self Assessment Tax Returns? Contact us today!
Need expert self-assessment support?
We prepare and file your SA100 with accuracy, maximise tax reliefs, meet deadlines, and simplify the process—whether self-employed, landlord, or director.
Tax
Related services
See below for other related services we provide to fully support your financial needs.
- Capital Gains Tax Advice
- Corporate Tax Planning
- High Earner Tax Planning
- Inheritance Tax & Estate Planning
- EIS and SEIS Tax Relief
- Capital Allowances
- Landlord Accounting & Tax Returns
Strategy, Tax
Capital Gains Tax Advice
Strategy, Tax
Obtain valuable insights and expert guidance on Capital Gains Tax (CGT) with our dedicated advisory services. We offer comprehensive assessments and tailored advice to help you minimise tax liabilities and maximise your returns. Trust us to provide reliable and approachable CGT advice, ensuring you make informed financial decisions for optimal outcomes.
Strategy, Tax
Corporate Tax Planning
Strategy, Tax
Optimise your corporate tax position with our expert planning services. We provide tailored strategies to minimise tax liabilities, maximise deductions, and enhance overall tax efficiency for your business. Trust us to deliver comprehensive and effective corporate tax planning solutions, helping you achieve your financial goals.
Strategy, Tax
High Earner Tax Planning
Strategy, Tax
Managing taxes as a high earner can be complex, but Eastfield Accountants is here to help. Mark specialises in guiding individuals with incomes over £100,000 through tax-saving opportunities and compliance, ensuring you avoid pitfalls like the loss of your personal allowance.
Optimise your financial strategy with personalised advice on pension contributions, salary sacrifice arrangements, and more. Find out more about taking control of your tax planning.
Strategy, Tax
Inheritance Tax & Estate Planning
Strategy, Tax
Secure the future of your estate with our comprehensive inheritance tax and estate planning services. We offer expert guidance in structuring your assets, minimising inheritance tax liabilities, and creating a lasting legacy for your loved ones. Trust us to provide tailored solutions that ensure your estate planning goals are achieved while preserving your wealth for future generations.
Strategy, Tax
EIS and SEIS Tax Relief
Strategy, Tax
Harness the benefits of SEIS (Seed Enterprise Investment Scheme) and EIS (Enterprise Investment Scheme) with our expert guidance. We navigate the complexities of these tax-efficient investment schemes, helping you attract investors and maximise tax advantages. Trust us to optimise your SEIS and EIS opportunities, fuelling growth and innovation in your business.
Strategy, Tax
Capital Allowances
Strategy, Tax
Uncover the potential for substantial tax savings in your business with our specialised capital allowances services. We will conduct thorough assessments, identifying eligible assets and ensuring accurate claims to maximise your tax benefits. Trust us to provide efficient management of your capital allowances, helping you optimise your tax position while maintaining a friendly and approachable service.
Accounting, Tax
Landlord Accounting & Tax Returns
Accounting, Tax
Irrespective of whether you are a seasoned landlord with years of experience or have just ventured into the world of property management, the demand for expert landlord accounting services has never been more critical.
At Eastfield Accountants, we take pride in delivering a dependable, personalised, and forward-thinking accounting service tailored to landlords.