Commentary

I12.902 Transfers by individuals with a foreign domicile

IHT, trusts and estates

I12.902 Transfers by individuals with a foreign domicile

I12.902 Transfers by individuals with a foreign domicile

Non-UK resident and domiciled individuals are sometimes surprised by the notion that any UK situs property owned by them is within the scope of IHT. For this reason ownership of UK situs property directly by such individuals should be avoided. If necessary, the potential for IHT charges can be avoided by holding UK assets through a non-UK 'shield' company (thus converting a UK asset in the individual's hands into a non-UK asset). However from 6 April 2017 this strategy may no longer be effective where the UK asset is a residential property

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