Taxation of Chargeable Gains Act 1992 Schedule D1 paragraph 1

Claim for relief for qualifying new residents

Schedule D1 paragraph 1 establishes the mechanism by which qualifying new UK residents can claim capital gains tax relief on foreign gains, including how and when the claim must be made.

• An individual who qualifies as a new UK resident for a tax year may make a "foreign gain claim" for capital gains tax relief in respect of that year.
• The claim must be made within the individual's self-assessment tax return, and cannot be made as a standalone claim outside of the return process.
• The deadline for making the claim is 12 months after the 31 January following the end of the relevant tax year — so for the 2025/26 tax year, the deadline would be 31 January 2028.
• A foreign gain claim cannot be made as a consequential claim (one triggered by another tax adjustment) if the circumstances arose from a careless or deliberate action by the individual or their agent that caused a loss of tax.