Carl Turner Financial Success - Financial Planning for Expats

Episode 7 - IHT Planning – What expats need to know

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