Inheritance Tax: Domicil

(asked on 11th March 2024) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to make the assets of non-domiciled UK residents subject to inheritance tax.


Answered by
Nigel Huddleston Portrait
Nigel Huddleston
Financial Secretary (HM Treasury)
This question was answered on 14th March 2024

From April 2025, the government will abolish the current tax regime for non-UK domiciled individuals, or non-doms, and get rid of the outdated concept of domicile in the tax system, replacing this with a modern, simpler, fairer and competitive residence-based regime.

The government will also move to a residence-based regime for Inheritance Tax (IHT) and will consult in due course on the best way to achieve this. No changes to IHT will take effect before April 2025.

Further information can be found in the published technical note: https://www.gov.uk/government/publications/changes-to-the-taxation-of-non-uk-domiciled-individuals.

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