Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of BRK.ABest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
Unthreaded | Threaded | Whole Thread (30) |
Author: AdrianC ⎊✹  😊 😞
Number: of 22347 
Subject: Re: OT New Monaco homes
Date: 03/26/26 7:40 AM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 1
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.

gov.uk - When someone living outside the UK dies

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 ;-)
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to AdrianC here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 21,850 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 58 recs · 2023
Summary of 2Q 2026 · 55 recs · 2026
3Q Summary · 53 recs · 2024
Unthreaded | Threaded | Whole Thread (30) |


Announcements
Berkshire Hathaway FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of BRK.A | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community