Insights: Legal Updates - November 2016

Filter insights: Archive:
View by: Grid

Non-dom tax changes – IHT periodic charges and offshore trusts

Helena Luckhurst |

Well advised non-doms know that UK situated assets should never be directly held by their offshore discretionary trusts. To do so would subject the offshore trust to periodic charges to UK Inheritance Tax (IHT).  These charges comprise the entry charge, the ten year anniversary charge, and exit charges, where value leaves the trust after creation. […]