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