UK Tax Update 2025: Remittance Basis Taxation & Temporary Repatriation Facility (TRF) Explained

https://is1-ssl.mzstatic.com/image/thumb/Podcasts116/v4/85/1b/48/851b48b1-306e-66bb-6384-68971c2cce96/mza_14418865789758141089.jpg/600x600bb.jpg

Investing for Americans Abroad and U.S. Expats | Gimme Some Truth for Expats

Walkner Condon Financial Advisors for U.S. Expats

73 episodes

3 days ago

For many Americans, living abroad is the dream. But the reality of being a U.S. expat, particularly when it comes to finances and attempting to invest from outside of the United States, can quickly turn into a nightmare with the complexities involved. With first-hand expat experience and their professional background in working with U.S. expats, financial advisors Keith Poniewaz, PhD.; Stan Farmer, CFP®, J.D.; and Syl Michelin, CFP®, cover an assortment of key topics U.S. expats and Americans abroad should know about investing and finances, whether they're already abroad or planning a move.

Investing

Business

RSS

All content for Investing for Americans Abroad and U.S. Expats | Gimme Some Truth for Expats is the property of Walkner Condon Financial Advisors for U.S. Expats and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Investing

Business

https://d3t3ozftmdmh3i.cloudfront.net/staging/podcast_uploaded_episode/19544854/19544854-1737996420819-4cfb9ee90974d.jpg

UK Tax Update 2025: Remittance Basis Taxation & Temporary Repatriation Facility (TRF) Explained

Investing for Americans Abroad and U.S. Expats | Gimme Some Truth for Expats

15 minutes 33 seconds

9 months ago

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.