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The temporary repatriation facility (TRF) is available to individuals who claimed the remittance basis before 6 April 2025. The option encourages these individuals to pay UK tax on unremitted foreign income and gains accrued before 5 April 2025, by offering a lower flat tax rate. These unremitted amounts are labelled 'qualifying overseas capital', encompassing both income and gains. See the Temporary repatriation facility (2025/26 to 2027/28) guidance note for detailed commentary on qualifying individuals and qualifying overseas capital.

The TRF is a transitional measure effective for three tax years, from 6 April 2025 to 5 April 2028. To qualify and access the TRF, an individual must be a UK resident in the relevant tax year and have previously been taxed on the remittance basis before 2025/26.

Designated amounts can be remitted at any time, even before filing the return or after 5 April 2028. Any unremitted foreign income and gains can be designated, including those in joint accounts, those used to purchase foreign chargeable assets and distributions from offshore trusts taxable on UK resident settlors and beneficiaries.

TRF