955. Excluded property.

Property situated outside the United Kingdom is excluded property¹ if the person beneficially entitled to it is an individual domiciled outside the United Kingdom², or, if it is comprised in a settlement, if the settlor was not domiciled in the United Kingdom at the time the property became comprised in the settlement³.

Property is not excluded property⁴ if:

1.  

   (1)     a person is, or has been, beneficially entitled to an interest in possession in the property at any time⁵;

2.  

   (2)     the person is, or was, at that time an individual domiciled in the United Kingdom⁶; and

3.  

   (3)     the entitlement arose directly