Commentary

I9.401 Scope of situs rules

IHT, trusts and estates

I9.401 Scope of situs rules

Division I9.4     Locality (situs) of assets

For updates affecting this Division please see Part I0 Updates

Situs and IHT

I9.401 Scope of situs rules

The situs of property is significant in a number of contexts, as follows:

  1.  

    (a)     property is excluded property if it is situated abroad and owned by a foreign domiciliary1. If property is comprised in a settlement and the settlor was domiciled outside the UK at the time the settlement was made, the settled property is also excluded property if situated abroad2. See Division I9.3;

  2.  

    (b)     property which is situated abroad may be used for the offset

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