Does inheritance tax apply to non-UK assets?

Video will appear soon

Yes if you are UK domiciled or deemed domicile.  Under the current rules, an individual who has a non-UK domicile as a matter of common law is deemed to be UK domiciled once he has been UK tax resident for 15 out of the immediately preceding 20 tax years.

For IHTpurposes only, an individual who loses their UK domicile will remain deemeddomiciled for three calendar years after the change of domicile.

More related Questions

Our specialist inheritance tax service is easier, simpler and more cost effective than instructing a Lawyer, Accountant or Financial Adviser.

Watch how we solved our client Frank's inheritance tax problem and saved him both time and money.

The information contained in this web site is for UK consumers only.  Like most firms of solicitors and accountants, Bluebond Tax Planning is not regulated by the FCA. The content of this website does not constitute FCA regulated financial advice and all content is provided for general information purposes only. Bluebond is not responsible for any action you may take as a result of information on this site. All advice will be delivered on a personal basis once we fully understand your situation and our client agreements have been signed.

Copyright © 2021
Copyright Notice
Legal Disclaimer
Terms & Conditions
Privacy Policy