Ask a Wealth Consultant
Ask James – Inheritance Tax
Q:I have lived in Thailand most of my life but I am being told that I am still liable for UK inheritance Tax? Can you please advise?
A: If you are a UK national you automatically obtain the domcile of your father at birth, so assuming he was a UK national then you are also considered a UK domicile and subject to UK inheritance tax on your world-wide assets. Being resident in a foreign country does not changethis.
It is possible to change your domicile but incredibly difficult and you must sever ties with the UK and move the centre of your economic ties to your new country.
If you have a question for James please email [email protected]
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Things you need to know about Covid-19 coronavirus NOW
Koh Samui’s first Covid-19 case – timeline of infection
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News5 days agoKoh Samui. 7-Eleven and Family Mart close overnight.
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News2 weeks agoSamui Covid-19 update
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Latest News2 weeks agoKoh Samui’s first Covid-19 case
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Latest News3 weeks agoOne dead, two injured after bar shooting in Samui
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National News3 days agoNational curfew starts today
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Latest News2 weeks agoAmerican women allegedly raped by 2 Thai men on Koh Phangan
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National News5 days agoThailand’s government officials extend tourist visas
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Business News2 weeks agoThailand closes all borders to foreigners