IHT planning for expats

Skandia International's Rachael Griffin looks at why IHT planning is vital for expats.

According to the latest publication on migration statistics by the Institute for Public Policy Research, in the year leading to June 2010 there was a 22% reduction in British citizens emigrating. However, the British expatriate community throughout the world continues to be a great source of revenue for the UK government. One area that can often be overlooked, especially when adjusting to a different climate and lifestyle, is tax planning to mitigate the impact of any UK inheritance tax (IHT) liability. Individuals who are deemed as UK domicile or deemed domicile may be liable to IHT ...