As a UK resident non-UK domicile/deemed domicile you only pay inheritance tax on your UK sited assets however once you have been UK resident in 15 out of the last 20 tax years you will become deemed UK domicile and will usually pay inheritance tax on your worldwide assets. The St. James’s Place Excluded Property Trust (EPT) has been developed to enable non-UK domiciles to pass on accumulated wealth to the next generation and subsequent generations, as well as retaining access to it should the need arise. It provides an effective method of creating an investment fund for chosen beneficiaries, including yourself as the settlor, while preventing the value forming part of your estate for UK Inheritance Tax (IHT) purposes.
Please contact me if you would like to find out more about the St. James’s Place non-UK domicile proposition.
The information on this website is based on our interpretation of the current law and HMRC practice. Taxation legislation and HMRC practice may be subject to individual circumstances or unforeseen changes in the future.
Trusts are not regulated by the Financial Conduct Authority.