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Overseas workday relief and special mixed fund rules (2013/14 to 2024/25)


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Autumn Budget 2024 tag-icon Spring Budget 2024

Overseas workday relief and special mixed fund rules (2013/14 to 2024/25)


Produced by a Tolley Personal Tax expert
Personal Tax
Guidance
tag-icon Autumn Budget 2024 tag-icon Spring Budget 2024
imgtext

STOP PRESS: At Spring Budget 2024, the Chancellor announced that the remittance basis would be abolished from 6 April 2025, although this only applies to foreign income and gains arising on or after that date. The remittance basis rules still apply to unremitted income and gains arising before that date but remitted later. For more details, see the Abolition of the remittance basis from 2025/26 guidance note.

Introduction

From 6 April 2013 to 6 April 2025, individuals who were UK resident but are not domiciled and had duties of employment both in the UK and overseas under a single contract of employment were entitled to favourable tax treatment for the first three years of UK residence:

  1. 1)

    overseas workday relief ― the earnings from the employment were apportioned between UK and overseas duties on a days basis, with there only being a remittance from the qualifying account in (2) below for UK tax purposes if the total amount received in the UK plus the amount brought in to the UK from

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  • 01 Nov 2024 15:00

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