Domicile Inheritance Tax - Gifts Make Simple
Domicile and Inheritance Tax
If you want to avoid 40% Inheritance tax in the UK, your choices need further consideration with the new EU legislation and a global move towards a statutory definition of Domicile.
If you write in a Will confirming your domicile as your home country then Inheritance Tax is assessed there. 0% inheritance tax applies in Cyprus if family inherit under Cyprus laws of succession.
A Cyprus centred approach could trigger a full Inheritance tax assessment of Worldwide assets on death. Meaning UK expats pay 40% tax on Cyprus Overseas Property Assets.