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Domicile Inheritance Tax - Gifts Make Simple
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.

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Inheritance Tax, Tax Return Service, Wills & Estate AdminProACT Sam OrgillProACT PArtnership Expatriate Advicecyprus will, make a will, tax saving experts, inheritance tax, saving taxComment