Sign up to save your podcasts
Or
Share UK Tax Update 2025: Remittance Basis Taxation & Temporary Repatriation Facility (TRF) Explained
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
UK Tax Update 2025: Remittance Basis Taxation & Temporary Repatriation Facility (TRF) Explained
Stay informed on the latest UK tax updates with Stan Farmer and Syl Michelin! In this episode, they discuss significant changes to remittance-based taxation and the introduction of the Temporary Repatriation Facility (TRF). Learn how these updates affect US-UK taxpayers, strategies to optimize your finances, and why now is the time to act on unremitted income and gains.
📌 Topics Covered:
Changes in remittance basis taxation
Understanding the TRF and its benefits
Tax strategies for expats in the UK
Important deadlines and reduced tax rates
00:00 - Introduction: Overview of UK tax updates and remittance basis taxation.
00:33 - Key changes in UK remittance basis taxation.
02:12 - Explanation of mixed funds and their challenges.
03:48 - Introduction to the Temporary Repatriation Facility (TRF).
04:20 - Benefits of the TRF for unremitted income.
05:27 - Reduced tax rates and their timeline under TRF.
06:32 - Comparing TRF tax rates to standard UK rates.
07:34 - Importance of working with UK tax professionals.
10:42 - Strategies for managing unremitted gains under TRF.
View all episodes
By Walkner Condon Financial Advisors for U.S. ExpatsStay informed on the latest UK tax updates with Stan Farmer and Syl Michelin! In this episode, they discuss significant changes to remittance-based taxation and the introduction of the Temporary Repatriation Facility (TRF). Learn how these updates affect US-UK taxpayers, strategies to optimize your finances, and why now is the time to act on unremitted income and gains.
📌 Topics Covered:
Changes in remittance basis taxation
Understanding the TRF and its benefits
Tax strategies for expats in the UK
Important deadlines and reduced tax rates
00:00 - Introduction: Overview of UK tax updates and remittance basis taxation.
00:33 - Key changes in UK remittance basis taxation.
02:12 - Explanation of mixed funds and their challenges.
03:48 - Introduction to the Temporary Repatriation Facility (TRF).
04:20 - Benefits of the TRF for unremitted income.
05:27 - Reduced tax rates and their timeline under TRF.
06:32 - Comparing TRF tax rates to standard UK rates.
07:34 - Importance of working with UK tax professionals.
10:42 - Strategies for managing unremitted gains under TRF.