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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: AdrianC 🐝  😊 😞
Number: of 19823 
Subject: Re: OT New Monaco homes
Date: 03/26/26 7:40 AM
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I think it changed (somewhat) last year.
I believe the answer is "Non-resident means inheritance tax on UK assets only", BUT still worldwide assets for a while after you leave the UK. Some kind of timeout based on how long you were UK resident??


You are correct, Jim, as usual.

https://www.gov.uk/inheritance-tax/when-someone-li...

If you’re based abroad, Inheritance Tax is only paid on your UK assets, for example property or bank accounts in the UK.

HM Revenue and Customs (HMRC) will treat you as being based abroad if you have lived in the UK for less than 10 years in the last 20.


I'm good.

Also: "Every individual, regardless of residence, has a £325,000 nil-rate band, meaning no IHT is paid on UK assets below this threshold."
OK to hold a bit of cash there. Going to get taxed on that flat in Kensington ;-)
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