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Alex J.
Alex J., Solicitor
Category: Law
Satisfied Customers: 3655
Experience:  Solicitors 2 years plus PQE
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BRITISH CITIZEN LIVING IN THE PHILIPPINES WITH AN EIB

Resolved Question:

I AM A BRITISH CITIZEN LIVING IN THE PHILIPPINES WITH AN EIB INVESTMENT BOND WITH OLD MUTUAL IN THE IOM. WILL THIS INVESTMENT BE LIABLE FOR U.K IHT OR NOT ??
Submitted: 11 months ago.
Category: Law
Expert:  Alex J. replied 11 months ago.

Hi, Thank you for your question and welcome. My name is ***** ***** I will assist you. As you are domiciled abroad and the asset is based in the IOM (where there is no IHT) the asset will not be subject to UK IHT. In any event if your UK estate is worth £325K or less it will be taxed at 0%. Kind regards AJ

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