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What You Need To Know About UK Property & Tax
if you own property in the uK directly
or not there'll be an inheritance tax bill
legislation changes that impacted all uK property
As of November 2017 enveloping became redundant in the UK!
What was this practice, what was it designed to do and who have these changes affected?
Enveloping is when a property is owned by a company the shares of which are owned by a trust.
The purpose is to protect the property from any inheritance tax charge on the death of an owner. Often an offshore company and or an offshore trust will have been used to put ownership further at arms left.
So, now that none of this works anymore what can you do to mitigate any IHT liability on UK property?
We’ve put together this short video to help you look at the best options available to you.
the current reality
Whether you’re a UK expat living abroad or a foreign national who also resides outside of outside the UK.
Owning property there will mean at some point there will be a 40% IHT charge on those properties. And until this tax bill gets paid your family won’t get access to the asset or be able to sell it.
So, would your family have the assets available to pay this IHT charge?
If not you need a solution….
What's the impact of IHT on your family?
our exclusive calculator will help you prepare
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UK Expat IHT Calculator
How much inheritance tax will your family have to pay?
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