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Planning to Return to the UK? How the 2025 IHT Changes Could Affect Your Estate

If you’ve been living overseas for years but are now considering a return to the UK, the recent budget changes to Inheritance Tax (IHT) could significantly affect your financial planning. From April 2025, the UK government is introducing new rules that shift the focus of IHT liability from your domicile status to your residency history.

New UK Inheritance Tax Rules for Non-Doms: What You Need to Know for 2025

On 30 October 2024, the UK government announced sweeping updates to the inheritance tax rules affecting UK residents who are not domiciled in the UK—commonly known as “non-doms.” Below, I’ll break down the main changes in a straightforward way to help you understand what these new rules could mean for you.

UK Budget 2024 – What does it mean for expats?

The dust is still settling on last week’s Budget. Things like increased National Insurance Contributions and a higher government borrowing ceiling have already been picked apart by the mainstream media. However, in this post, I want to focus on a few areas that will be of interest to those of us who are either living outside the UK already or who are considering doing so.

Beyond the 7-Year Rule: How the 14-Year Rule Impacts Your IHT Planning

When it comes to UK inheritance tax (IHT) planning, many of us have heard about the seven-year rule. It’s a well-known part of the tax code that says if you give away assets during your lifetime, and survive for seven years after making the gift, those assets will typically be exempt from IHT when you pass away. But there’s another, less familiar rule that can complicate matters—the 14-year rule. If you’re serious about protecting your estate from unnecessary…

What to Expect from the Upcoming Labour Budget: Key Considerations for UK Expats

With UK finances in quite a pickle, the upcoming Labour budget is expected to bring significant changes, especially in areas like taxation, pensions, and inheritance planning. As a British expat, these changes could have a serious impact on your financial planning. While it is always a good idea to review your financial plan regularly, the proposed changes make it especially important to reassess how you manage finances. In this post, we’ll take a closer look at the…

Understanding UK Tax, Retirement & Succession Planning in Saudi Arabia

For British expats living in Saudi Arabia, navigating the complexities of UK tax, retirement, and succession planning can be challenging. The financial landscape shifts when you move abroad, and understanding these changes is crucial to safeguarding your wealth and ensuring a secure future. In this blog post, we’ll break down the essentials of managing your UK tax obligations, planning for retirement, and preparing for succession while living as an expat in Saudi Arabia. UK Tax Considerations for Expats…

A Seismic Shift in UK Inheritance Tax: What It Means for Expats

The new Labour government is gearing up to make a major move on inheritance tax (IHT), and for British expats, this could be a monumental shift. What’s Changing? The government is planning to overhaul the rules around who gets hit with inheritance tax. Right now, your exposure to UK IHT is closely tied to your domicile – the country that HMRC deems to be your permanent home. This means that even if you’ve been enjoying the expat life…

How Did Anne Robinson Legally Avoid Inheritance Tax?

TV personality Anne Robinson made news recently by gifting her assets worth £50 million to her family to avoid Inheritance Tax (IHT). This bold move is a prime example of how strategic estate planning can significantly reduce tax liabilities. But how exactly did she do it?

Minimising Inheritance Tax: How Pension Funds Can Help You Beat the Tax Man

Inheritance tax can feel like a daunting final chapter to a lifetime of prudent financial management. It’s a tax which can potentially take a chunk out of what you leave behind for your loved ones. But what if there was a way to reduce its impact? Enter the pension fund – a tool more powerful and versatile in tax planning than many might think. In this blog post, we’ll explore how you can use your pension fund to keep more…

How to Manage and Invest an Inheritance Wisely

Receiving an inheritance can be a bittersweet event, often arriving due to the loss of someone dear. However, this influx of assets also presents a unique opportunity to improve your financial stability and future. Here’s a straightforward guide on how to responsibly and effectively invest an inheritance.

Will the new “residence-based” approach to inheritance tax affect me?

In his budget last week, UK Chancellor Jeremy Hunt, announced his intention to move to a residence-based regime for Inheritance Tax (IHT). The question is how will this affect us as expats?

The gift that keeps on taking: Understanding gift with reservation of benefit rules

Gifting an asset directly to a loved one or indirectly via a trust can be a really effective way of mitigating Inheritance Tax (IHT). However, care needs to be taken to make sure that HMRC doesn’t put the kibosh on your well-laid plans. If they view your action as a “gift with reservation of benefit” then the asset in question will still be viewed as part of your estate for IHT.

Gone for a Burton! What Expats Can Learn About Estate Planning from an Acting Legend

Richard Burton was an actor renowned for both his exceptional talent and his turbulent personal life. He also offers a cautionary tale for expats when it comes to estate planning. Despite his efforts to avoid UK inheritance tax (IHT), including living for more than a quarter of a century in Switzerland, Burton’s story reveals the complexities and pitfalls of domicile laws and their impact on inheritance tax (IHT). The Dazzling Life and Unexpected Legacy of Richard Burton …

UK Inheritance Tax Rules For Expats: Understanding the Implications for Non-Domiciled Spouses

Inheritance tax (IHT) is a contentious subject for many, especially as it revolves around the sensitive topic of what happens to one’s assets after death. For those affected, understanding the basic IHT rules is crucial. However, the waters become muddier when considering situations involving a non-domiciled spouse.

Global Assets, Local Laws: Navigating Wills Across Borders

Do you have assets in more than one country? Do you know how your Will will be treated in different jurisdictions? From forced heirship in Europe to the role of executors in Asia, here’s what you need to know.

Why Leaving Without A Will Is Like Playing Russian Roulette With Your Legacy

Picture this: you’ve spent a lifetime building memories, accumulating assets, and nurturing relationships. Then, in a blink of an eye, you’re gone. Your life’s work, potentially left to the winds of chance. That’s the harsh reality for those who pass away without a will.

Understanding UAE Succession Law: A Step-by-Step Guide for Expats

Are you an expat living in the UAE and wondering how succession laws may affect you, your family, and your assets? Look no further! This comprehensive guide will provide you with a step-by-step understanding of UAE succession law. Navigating the intricacies of inheritance can be daunting, especially in a foreign country with its unique legal framework. However, with our expert insights, you’ll gain the knowledge and confidence needed to ensure your assets are protected and distributed according to your wishes.

Lifetime gifts and Inheritance Tax: How to notify HMRC

There has been much chatter in the press recently regarding the abolition of Inheritance Tax (IHT). However, for the time being, and for the foreseeable future I expect, it remains a thing and should be planned for accordingly. One effective way to do this is via gifting. If you make a gift during your lifetime, it becomes exempt from IHT after seven years. However, many people are unsure how to report these lifetime gifts to the taxman (HMRC).

Inheritance Tax Planning For Expats: Using The PASTOR Framework to Effectively Manage Your Estate

Inheritance tax (IHT) is a concern for many expats who retain a connection to the United Kingdom (e.g. domicile), as it can significantly impact the wealth passed down to future generations. However, with proper planning and the right strategies, it is possible to mitigate the burden of inheritance tax.

4 Things To Do When Receiving an Inheritance

If there is a possibility that you might receive an inheritance in the future, it is important to be aware of the following four things. Keep them in mind for future reference.

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