British Expats require unique advice on Inheritance Tax (IHT) planning, especially when a spouse is of a different nationality. Many British expats are unaware that their spouses would only receive £55,000 exempt from UK Inheritance Tax. The remaining assets are chargeable at rates up to 40%, regardless of where they are situated. It is also true to say that prolonged absence from the UK does not mean exemption from Inheritance Tax: a move from one country to another is sufficient for HMRC to argue eligibility for the IHT net.

Both British and non British citizens need advice on a number of areas relating to investments in the UK:

Retained UK pension schemes and whether it is best to consolidate existing funds or move them overseas into a QROPS

Structuring property investments in the UK. As tax rates are as high as 50% in the UK, simple and proven strategies can very substantially reduce the amount paid.

Solomon has many years experience in dealing with UK clients, expats and UK investments. We can provide advice on efficient strategies in a clear and transparent manner, using our associations in the UK to provide UK compliant and regulated advice.