Commentary

I12.711 Excluded property

IHT, trusts and estates

I12.711 Excluded property

I12.711 Excluded property

Foreign assets held by a person who is not domiciled in the United Kingdom and not deemed domiciled in the United Kingdom are excluded property and thus outside the scope of inheritance tax. These may therefore be transferred into trust without any IHT 'entry charge' arising. For further discussion see Division I12.9.

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