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IHT Planning

IHT Planning

What is Inheritance Tax?

Inheritance Tax is a capital tax chargeable on transfers of assets made during your lifetime, or the value of your estate on your death.

IHT will apply to you if you are either:

  • Domiciled or deemed domiciled in the UK, or
  • Not domiciled in the UK, but own UK assets

If you are UK domiciled or deemed domiciled in the UK, all of your worldwide assets will be exposed to IHT. However, if you are domiciled outside the UK, IHT will only apply to your assets situated in the UK.

There are various exemptions and reliefs available that, with careful planning, can minimise your potential exposure to IHT.

How can Stephen Asher Consulting help you?

In conjunction with our UK and International tax return services, if you own or are considering acquiring UK situated assets we can help.

Our IHT planning will include a consideration of how this might interact with your home country estate and capital tax planning and will help you devise a plan that minimises your IHT exposure by advising you:

  • Where your assets are situated for IHT purposes
  • Which of your assets might be liable to IHT
  • Which of your assets may be excluded or exempt from IHT
  • Whether you can take advantage of the non-domiciled spouse exemption
  • How to take advantage of Double Tax conventions or unilateral relief
  • How to benefit from offshore settled property planning opportunities
  • About the timing of remittance of funds into the UK

If you would like any further information, or to discuss your specific circumstances, please call or email Alison Asher.


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