Overseas Workday Relief - Key Points Explored

Introduction

Overseas Workday Relief (OWR) is a valuable exemption only available to foreign domiciled UK tax residents which treats part of the earnings from a UK employment wholly or partly performed abroad as if it were a foreign source of income.

This virtual classroom session will explore how to maximise this relief for your clients.

What You Will Learn

This live and interactive course will cover the following:

• The abolition of the concept of domicile and the remittance basis
• The application of the new FIG regime from 6 April 2025
• Who qualifies for the FIG regime
• How does the FIG regime work in practice
• Making a FIG election
• The impact of making the election
• Changes to OWR
• Who qualifies for this?
• What is the impact of making an OWR claim?
• The financial limit
• What are the transitional provisions including the TRF
• Revised section 690 direction process
• Changes to home leave relief
• Tax planning in connection with FIG and the revisions to OWR

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.