Personalised Portfolio Bonds are taxable for UK residents based on the T&Cs of the policy permitting such investments rather than the underlying investment.
UK OEICS, Unit Trusts and GILTS are excluded property for UK IHT when owned by non-UK domiciled individuals. However, the exclusion does not list UK: equities, fixed interest securities investment trusts, bank/ deposit accounts and ETFs.
The IHT nil rate band is available to everyone regardless of domicile, follow this link for information.
Thursday 18 August 2011
Friday 12 August 2011
Treasury consultation on a statutory definition tax residence
An interesting article from Citywire on the proposals from HMRC with regard to imposing a statutory test for tax residency.
Have you got a Will?
This Intestacy flowchart sets out what would happen to your estate in the event of passing away without a valid Will.
Subscribe to:
Posts (Atom)