There are variations in the way non-domiciled
spouses are treated for IHT, write David Anderson and Graeme Perry
UK Law generally exempts transfers between spouses (or civil
partners) from inheritance tax (IHT). An exception to this applies
when the receiving spouse is not UK domiciled or ‘deemed’
domiciled. In these circumstances the exemption does not apply. The
surviving spouse only receives tax-free the nil-rate band, currently
£325,000 (which applies to all transfers on death), plus £55,000.
Any value above that is taxed at 40%.
Th
Already subscribed? Please log in.
Your free features:
- Breaking news and expert analysis
- Customisable daily newsletters
- Six free CPD learning modules each year
- Personalised CPD tracker
- Top 75 Firms league tables
- Regulatory changes
- Hardman’s Tax Data
