Inheritance tax question?

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not give enough information answer complex question here pointers you:

non residents not pay iht on uk assets if not living in uk have nothing worry about. pay iht in country live and, if have uk assets, these become part of estate , taxed such in canada or can abandon them (give them queen).

countries not have inheritance tax when leaving money direct heirs, idea hold liquid assets in 1 of these countries :-)

if person not uk domiciled not pay iht on worldwide assets if has been living in uk. wife may non-dom, google , see. however, important not have significant uk on-shore assets in name on death if dies in uk may trigger challenge.

citizenship not relevant iht. question of residence. if don't live there, don't own there, not pay iht there. relinquishing uk citizenship make impossible visit without visa, makes no sense.

i uk citizen, wife has dual canadian , uk citizenship. bulk of our estate in canada. how avoid or lessen iht payable in uk. how can relenquish uk citizenship ?


Business & Finance Taxes United Kingdom Next



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