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It is a straightforward procedure, on moving overseas, for a UK national to change domicile for tax purposes - except, that is, for inheritance tax ("IHT"). And once payable, IHT comes in at the flat rate of 40%. With careful planning, however, there is no need for anyone to pay IHT. It is an effectively voluntary tax which is paid only by those who either wish to pay it, or those who have neglected their financial affairs. We are able to help with all aspects of IHT planning. Our concise introductory note on this subject is yours for the asking. |
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