Overseas Income Tax Services for UK Residents With Foreign Income
The rules on taxing overseas income changed fundamentally in April 2025 with the end of the remittance basis. ABM Chartered Accountants helps UK residents report foreign income correctly, claim the right reliefs, and avoid paying more tax than necessary on worldwide earnings.
Foreign Income Reported Correctly Under the New Rules
If you are UK resident, you are generally taxed on your worldwide income and gains. This includes overseas rental income, foreign dividends, overseas employment income, foreign pensions, and gains on non-UK assets. Since April 2025, the old remittance basis has been replaced with the new Foreign Income and Gains regime. ABM Chartered Accountants navigates these changes for you.
Our ICAEW and ACCA qualified accountants determine your residence status under the Statutory Residence Test, advise on the FIG regime and Temporary Repatriation Facility, claim double taxation relief to prevent you being taxed twice, and prepare your self assessment return with every source of foreign income declared correctly.
What Our Overseas Income Tax Service Covers
From reporting foreign income to claiming relief under the FIG regime, here is how ABM Chartered Accountants manages the UK tax on your worldwide earnings.
Foreign Income Reporting
Declaring worldwide income correctly on your UK self assessment return with the right treatment.
FIG Regime Claims
Claiming relief under the four-year Foreign Income and Gains regime for qualifying new residents.
Double Taxation Relief
Claiming credit for foreign tax paid so you are not taxed twice on the same income or gain.
Residence Status Advice
Determining your UK tax residence status under the Statutory Residence Test and what it means.
Temporary Repatriation Facility
Using the TRF to bring pre-April 2025 foreign income and gains to the UK at reduced tax rates.
Overseas Workday Relief
Claiming OWR on employment income for duties performed outside the UK in your first four years.
Get the New Rules Right From the Start
The abolition of the remittance basis in April 2025 was the biggest change to international personal tax in decades. Domicile is no longer relevant for income tax or capital gains tax. If you have overseas income, you must now understand the new FIG regime, the Temporary Repatriation Facility, and how double taxation relief applies.
Getting it wrong is costly. Failing to report foreign income triggers penalties and interest. Missing the FIG claim deadline means losing relief you were entitled to. And not claiming double taxation relief means paying UK tax in full on income that has already been taxed abroad. ABM Chartered Accountants prevents all of this.
Overseas Income Tax Help for Residents Right Across the UK
Based in Canary Wharf, London, ABM Chartered Accountants advises UK residents with overseas income throughout the country. We deal with complex international tax matters remotely and face to face.
Overseas Tax Advice for Every Type of Income
We advise on UK tax for overseas rental income, foreign dividends, overseas employment, foreign pensions, international business profits, crypto assets held abroad, and gains on non-UK property and investments.
Why Taxpayers Choose ABM for Overseas Tax
Chartered International Tax Advisors
ICAEW and ACCA qualified handling your foreign income.
New Regime Expertise
FIG claims and TRF designations managed with precision.
Double Tax Relief Claimed
Foreign tax credited so you never pay twice.
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
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Frequently Asked Questions
Here are answers to the overseas income tax questions we hear most often. Contact our team for guidance.
Do I pay UK tax on overseas income?
If you are UK tax resident, you are generally liable to UK tax on your worldwide income and gains as they arise. This includes foreign rental income, overseas dividends, employment income earned abroad, and foreign pensions. ABM Chartered Accountants ensures your return includes everything correctly.
What is the Foreign Income and Gains regime?
The FIG regime replaced the remittance basis from 6 April 2025. It provides 100 percent relief on foreign income and gains for qualifying new UK residents in their first four years of tax residence, provided they were non-resident for the previous ten consecutive years. Claims are made on your self assessment return.
What is the Temporary Repatriation Facility?
The TRF allows former remittance basis users to bring pre-April 2025 foreign income and gains into the UK at a reduced rate. The rate is 12 percent for designations made in 2025/26 and 2026/27, rising to 15 percent in 2027/28. ABM Chartered Accountants manages the designation and filing.
How does double taxation relief work?
If you have paid tax on income in another country and the same income is also taxable in the UK, you can claim a credit against your UK tax liability for the foreign tax paid. This prevents you from being taxed twice on the same income. The relief is claimed on your self assessment return.
How do I know if I am UK tax resident?
Your residence status is determined by the Statutory Residence Test, which considers the number of days you spend in the UK, your connections to the UK, and whether you work here. ABM Chartered Accountants applies the test to your circumstances and advises on your status for each tax year.
How much does overseas income tax advice cost?
Fees depend on the number of foreign income sources, the countries involved, and the complexity of your tax position. We offer fixed-fee pricing for self assessment returns with overseas income. Contact ABM Chartered Accountants for a quote based on your specific situation.