Non-Doms & Inbound

Does the FIG regime cover capital gains?

Answered by Jordan Onraet-Wells, Founder & Chartered Tax Adviser (CTA). Published 8 August 2026. Last reviewed 8 August 2026.

The short answer

Yes. Qualifying foreign asset gains can be relieved in full under the FIG regime, and HS266 confirms there is no limit on the amount of relief you can claim. You claim by ticking box 29 on the SA109 and then quantifying each relieved gain on the capital gains pages, with the identified amounts deducted from your total chargeable gains. The trade-offs are real: a claim year costs you the £3,000 CGT annual exempt amount, you cannot claim relief for foreign losses in a claim year, and gains on UK assets stay fully taxable. For an investor selling a foreign portfolio or property in the four-year window, the relief can be worth far more than those costs.

Foreign gains relief is claimed in box 29 of the SA109, with each gain quantified on the capital gains supplementary pages and deducted from your total chargeable gains.
HS266 states there is no limit to the amount of relief that may be claimed, so a large foreign disposal can be relieved in full.
The claim only covers qualifying foreign asset gains: gains on UK assets, including UK property and UK shares, remain fully chargeable.
A claim year costs you the £3,000 CGT annual exempt amount and you cannot claim foreign losses on asset disposals for that year.
Relieved gains can be brought into the UK with no further tax charge, unlike gains kept offshore under the old remittance basis.

How the gains side of the regime works

The FIG regime is often described as an income measure, but the gains side is just as substantial. HMRC's helpsheet HS266 confirms you can claim relief for qualifying foreign asset gains, plus certain gains taxed under sections 3, 86, 87 and 89(2) of, and Schedule 4C to, the Taxation of Chargeable Gains Act 1992. Mechanically, you tick box 29 on the SA109, report each gain on the capital gains pages, and the identified amounts are deducted from your total chargeable gains for the year. There is no cap: HS266 says there is no limit to the amount of relief which may be claimed. That makes the four-year window a genuine planning opportunity for anyone sitting on foreign shares, funds or property, which is why we cover disposal timing in detail in our guide for investors and high earners.

What the gains claim costs you

The claim has three edges to watch. First, a claim year forfeits the £3,000 CGT annual exempt amount as well as the personal allowance, so modest gains may not justify claiming. Second, HS266 confirms you cannot claim foreign qualifying losses on asset disposals in a claim year, which matters if your portfolio has both winners and losers. Third, the relief only reaches foreign assets: gains on UK property, UK shares and other UK situs assets are taxed as normal. The claim must also be properly quantified, because a relieved gain still has to appear on the return; leaving it off entirely is one of the classic FIG mistakes. Good records of each disposal make the difference if HMRC asks questions later.

Getting the disposal years right, with Horizon

Sequencing is where the money is: a disposal made inside your four qualifying years can be relieved in full, while the same disposal a year later is fully taxable. These are exactly the returns Horizon specialises in. Founder-led by a Chartered Tax Adviser with over 10 years experience, including 7 at a Big Four firm, we prepare the SA109 claim, quantify every gain on the capital gains pages and run the claim-versus-no-claim arithmetic before anything is filed, on a fixed fee agreed upfront. The first FIG returns, for 2025/26, are due by 31 January 2027. Book a free 30-minute clarity call or see the non-dom and residency service.

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Sources and further reading

This is general information for the 2026/27 UK tax year, not personal tax advice; speak to a Chartered Tax Adviser about your own position.

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