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) a person is, or has been, beneficially entitled to an interest in possession in the property at any time5;
(2) the person is, or was, at that time an individual domiciled in the United Kingdom6; and
(3) the entitlement arose directly
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