Carl Turner Financial Success - Financial Planning for Expats

Episode 7 - IHT Planning – What expats need to know

June 25, 2021 Carl Turner Episode 7
Episode 7 - IHT Planning – What expats need to know
Carl Turner Financial Success - Financial Planning for Expats
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Carl Turner Financial Success - Financial Planning for Expats
Episode 7 - IHT Planning – What expats need to know
Jun 25, 2021 Episode 7
Carl Turner

Many British expats are in the dark about UK inheritance tax (IHT) on death. 

Expats who live overseas as a non-tax resident, are still liable for IHT on death, even if they have lived abroad for many years,  unless they have taken a new Domicile of choice, which is very difficult to do. 

In this episode, I discuss with Jordan Donald what IHT is, when it's due and how people with foreign spouses have potentially a higher IHT bill and how to reduce this death tax burden. 




Show Notes

Many British expats are in the dark about UK inheritance tax (IHT) on death. 

Expats who live overseas as a non-tax resident, are still liable for IHT on death, even if they have lived abroad for many years,  unless they have taken a new Domicile of choice, which is very difficult to do. 

In this episode, I discuss with Jordan Donald what IHT is, when it's due and how people with foreign spouses have potentially a higher IHT bill and how to reduce this death tax burden.