Good information. If I read this correctly (reading up on this), a UK-born (UK Domicile of Origin under the old system) expat, living abroad, with no UK assets apart from a small UK pension, will now automatically escape IHT on death after surviving ten years abroad, as non-UK resident (apart from possibly the UK pension). What I am unclear on, is whether this applies retroactively, i.e. if they have been non-UK resident for, say, two years already, by April 2025 (so they were non-UK resident from April 2023), whether they have to survive only a further eight years as non-UK resident (to avoid IHT on death), or whether the ten-year (out of twenty) rule applies FROM April 2025 onwards only, requiring the full ten years from April 2025.
Good information. If I read this correctly (reading up on this), a UK-born (UK Domicile of Origin under the old system) expat, living abroad, with no UK assets apart from a small UK pension, will now automatically escape IHT on death after surviving ten years abroad, as non-UK resident (apart from possibly the UK pension).
What I am unclear on, is whether this applies retroactively, i.e. if they have been non-UK resident for, say, two years already, by April 2025 (so they were non-UK resident from April 2023), whether they have to survive only a further eight years as non-UK resident (to avoid IHT on death), or whether the ten-year (out of twenty) rule applies FROM April 2025 onwards only, requiring the full ten years from April 2025.