Finance News
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 editor@samuitimes.com
Stay updated with Samui Times by following us on Facebook.
Thailand News Today | Nov 1 reopening proposed; arrest for “sexy” officer cosplay | September 24
Covid-19 UPDATE: Provincial totals, vaccinations and more
Contrary to Anutin, US says delivery of vaccines awaits Thailand
Sunsets, ‘Farangs’ and Boring Charisma | Thaiger Bites | Ep. 25
CCSA approves reopening delay, state of emergency extension
Video of feet on bread appears to be from India, not Thailand
Thailand Top Stories | Thailand’s security council approves Emergency Decree extension | Sep 24
Phuket Covid-19: 3 new deaths, 322 released from medical care
Malaysia considers further re-opening to domestic tourism
Thailand Re-opening, Costs and challenges | Good Morning Thailand | Ep. 96
5 billion baht loss as birds’ nest producing swiftlets found dead
Australian and American on Thai death row released from Thai death row, Supreme Court clears drug trafficking case
Phuket domestic travel rules need streamlining, officials discuss
Around 20 people arrested at Koh Samui restaurant for drinking alcohol, gambling, playing pool
Lack of migrant workers forces government to appeal to Thais to fill vacant jobs
Local businesses say they aren’t profiting from Phuket Sandbox
Sunday Covid Update: 117 deaths and 13,576 new cases
Insect snacks hit Japanese vending machines
Bovine attack kills forest ranger in Khao Yai National Park
Saturday Covid Update: 122 Deaths 14,109 new infections
The News3 days ago5 billion baht loss as birds’ nest producing swiftlets found dead
- The News3 days ago
Tesla stock dive costs Elon Musk $7 billion, World’s Richest Man title
- The News3 days ago
Thai woman tricked into human trafficking in Dubai brought home safely
- The News3 days ago
5 provinces may delay reopening until November, Chiang Mai cautious
- The News3 days ago
Morning Top Stories | New disease control law, Thai border patrol tightens security | September 22 |
- The News3 days ago
Kanchanaburi temple that served as a rehab closes amidst shocking abuse allegations
- The News3 days ago
Thailand News Today | Disease control amendment in the works; reopening delays | September 22
- The News3 days ago
Thaiger Bites | Your Feedback and Comments! | Ep. 23
