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At Autumn Budget 2024, the Chancellor confirmed earlier announcements 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 of the new and transitional rules from 6 April 2025, see the Abolition of the remittance basis from 2025/26 guidance note.

Generally speaking, an individual who is resident in the UK will be liable to tax on their worldwide income. However, and as outlined in the Domicile guidance note, an individual who was resident but non-domiciled in the UK could, up to 5 April 2025, still obtain two significant tax breaks, for income or gains which is not remitted to the UK. Firstly, they would not be taxable on income from overseas workdays in the first three tax years of their arrival in the UK, see the Overseas workday relief (OWR) to 5 April 2025