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.
Showing posts with label offshore. Show all posts
Showing posts with label offshore. Show all posts
Thursday, 18 August 2011
Tuesday, 6 October 2009
Disclosure of undeclared offshore income
HMRC has given individuals with undisclosed offshore income and gains a chance to disclose with a fixed penalty of 10%.
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