Mr Lee Hadnum

Inheritance Tax Planning for Non UK Domiciliaries Mr Lee Hadnum

Non UK domiciliaries are in a privileged position when it comes to UK Inheritance tax planning. So long as they can retain their non UK domicile status they can avoid UK inheritance tax on their overseas estate. Of course it is not quite this simple and there are a lot of obstacles to them benefiting from these rules.

In this book we look at how and when non UK domiciliaries can take advantage of this very attractive tax status to reduce UK inheritance tax.

What is covered in the book?

Subjects covered include:

What is domicile and why is it important? The 3 main types of domicile How to establish an overseas domicile and lose your UK domicile Practical steps and paperwork to be completed Recent case law on domicile UK immigrants and emigrants and their domicile status Where assets are located and why it's important The deemed domicile rules When you need to be non resident for 4 or more years to lose UK domicile How the £325,000 non dom spouse exemption (formerly £55,000)  works including examples The new election from 2013 that allows non UK domiciled spouse to "opt in" for UK domicile status... and when you should make the election How you can use an Estate tax treaty to reduce your inheritance tax bill Using estate tax treaties to avoid the deemed domicile rules Review of the UK-US Inheritance tax/Estate tax treaty Inheritance tax planning for US citizens living in the UK Investing in UK Property: A case study When and how you can use offshore companies to own UK assets and reduce inheritance tax Review of the main anti avoidance rules that apply to non UK domiciliaries wanting to live in company owned properties How should you purchase UK property as a non-resident, non UK domiciliary given the 2015 changes? When and how to use a Private Trust Company Using an Excluded Property Trust When to use an Excluded Property Trust How the Excluded Property Trust would work in practice