Member

I turn to the amendments relating to the temporary repatriation facility, or the TRF. These changes were announced by my right hon. Friend the Chancellor in January and are intended to address specific concerns raised by non-doms and experts about the operation of the TRF. Together, these amendments will ensure that the legislation aligns with the policy intent and ultimately increase the amount of trust distributions that can be designated by addressing specific barriers to using the TRF. Further amendments address inconsistencies in clause 41, with the effect of making the TRF easier to use and ensuring that the new residence-based regime works as intended.