Description
Significant attention has been given to the recent changes in the United Kingdom's domicile status for 2025 and their impact on inheritance tax. These reforms aim to clarify the previously ambiguous concept of domicile, affecting both individuals who move to the UK and claim non-domiciled status, as well as those born in the UK but who have lived abroad for many years. The new guidelines introduce a clear, objective test to determine who falls within the scope of UK inheritance tax (IHT) and whether they qualify as tax residents.
Beginning in April 2025, the nebulous and confusing definition of domicile used for determining inheritance in the UK it will be replaced by the more straightforward concept of residence.
Join our seasoned faculty for an in-depth examination of the new United Kingdom regulations aimed at those who come to the UK and claim to be non- domiciled, and for those who have moved away from the UK and do not want to potentially be dragged back into the tax system.
Topics include:
- Domicile vs. Residency – Key differences and why the shift to residency matters for inheritance tax
- New Criteria for Residency – Understanding the updated rules and how they determine inheritance tax liability.
- US Person Moving to the UK – How inheritance tax applies and what you need to know before relocating
- Born in the UK but left many years ago? – Potential tax implications and whether you could still be considered a UK taxpayer
- Tax Treatment of Trusts and Property – How the new rules affect ownership, taxation, and estate planning
- Estate Planning Musts Before Entering or Leaving the UK – Essential steps to protect your wealth and minimize tax exposure
This continuing legal education program is ideal for the estate planner who wants to acquire a deeper understanding of the new UK non-domicile tax rules to mitigate any unfavorable effects of wealth and property transfer taxes for their clients.