UK Inheritance Tax revision

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Bonanza
udonmap.com
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Joined: September 16, 2012, 9:08 pm

UK Inheritance Tax revision

Post by Bonanza » December 13, 2012, 6:39 pm

In the Chancellor's recent speech it was announced that the threshold for Inheritance Tax for non-domiciled spouses (ie those without UK citizenship) is to be raised from the present level of £55,000 to £325.000, the same as their UK counterparts. Note that this is still a proposal only, but is of significant interest to anyone who owns a house (or other assets) in UK and has a non-domiciled spouse. :D



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