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:

• Abolition of the remittance basis
• Who qualifies for tax exemption under the new FIG (‘Foreign income and gains’) regime?
• Changes to Overseas Workday Relief (OWR) following abolition of the remittance basis
• Transitional provisions
• OWR users who qualified for OWR and qualify for FIG
• OWR users who do not qualify for FIG
• Temporary repatriation facility
• High level considerations on CGT rebasing and IHT
• Tax planning for expatriates and employers in connection with FIG and the abolition of 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.