Glossary · UK
What is Temporary Repatriation Facility (TRF)?
A transitional relief (2025/26 to 2027/28) allowing former non-doms to remit pre-April-2025 foreign income and gains at reduced rates of 12% or 15%, rather than full UK tax.
Full Definition
The Temporary Repatriation Facility (TRF) is a transitional mechanism introduced from 6 April 2025 following the abolition of the remittance basis for non-domiciled individuals. It allows former non-doms (and individuals with interests in closely held offshore structures) to remit foreign income and gains that arose before 6 April 2025 -- income and gains that were sheltered under the old remittance basis -- to the UK at a significantly reduced rate of tax, rather than paying their full marginal UK tax rate. The reduced rates are 12% in 2025/26 and 2026/27, rising to 15% in 2027/28. The TRF is available for three tax years only (2025/26, 2026/27, and 2027/28); after that, any remaining unremitted historical foreign income and gains will be taxed at normal UK rates if brought to the UK. To use TRF, the individual must "nominate" the relevant amounts in their Self Assessment return for that year. The facility replaces the old regime where formerly-sheltered offshore accumulations faced 40-45% UK tax if remitted. It is intended to encourage repatriation of offshore wealth to the UK economy during the transition period. Former non-doms with significant pre-2025 offshore accumulations should seek specialist advice before 5 April 2028.