Docklands Solicitor

Latest legal news from Docklands Solicitors, Kaslers Solicitors LLP.

Saturday, 7 May 2011


Foreign Property Anti-Avoidance Rules

If you own property abroad you should be aware that after your death, your estate may be subject to both taxation under English IHT rules as well as the taxation of rules of the country where the property is situated.

The treatment of the property for taxation purposes depends on whether you are domiciled outside the UK.

Domicile in relation to IHT may be established differently to domicile for other purposes. There are two anti-avoidance rules that are relevant:

1. If you have been resident in the UK for 17 of the last 20 years you are deemed to be domiciled in the UK for IHT purposes

2. If you were previously domiciled in the UK but die within three years of obtaining domicile in another country, you will still be considered to be domiciled in the UK for IHT purposes.

You should therefore seek the advice of an experienced Will Writer/Solicitor when drawing up your Will and considering Inheritance Tax provisions.

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Call Michael Breeze on 07900 195 195 or call 0845 270 2511 to if you need legal advise about any of these issues

Kaslers Solicitors LLP is a limited liability partnership registered in England under LLP no. OC310653; authorised and regulated by the Solicitors Regulation Authority under reg no 408936; governed by professional rules set out in the Code of Conduct click here to visit and has its registered office / main trading address at Suite 3, 10 Churchill Square, Kings Hill, West Malling, Kent ME19 4YU - tel: +44 (0)845 270 2511; fax: +44 (0)845 270 2513; DX 92863 West Malling.
The LLP Members are Michael D Breeze LL.B (Hons) (SRA reg no 110184) and Simon McCree Scott LL.B (Hons) (SRA reg no 298202).