Inheritance Tax on UK Residential Property and the changes to the taxation of the non-UK domiciled individuals

Further detail available earlier than expected:

The government published a further consultation document on Friday 19th August 2016. In particular, the Consultation provides further information on the envisaged extension of Inheritance Tax to all “enveloped” UK residential property and the protection which will be afforded to offshore trusts set up before an individual becomes deemed domiciled.

The Consultation closes on 20 October 2016, but the changes will come into effect on 6th April 2017. Watch this space for further information.

If you would like to discuss this matter in further detail, please contact Karen Methold, Robert Drysdale or Chris Cooke in our Wealth Planning Team.

Senior Partner

Partner - Head of Real Estate

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