Inheritance tax loophole could save millions of Brits from 40% death duty | Personal Finance | Finance
Rachel Reeves‘ Budget has left millions of UK residents questioning whether to make the move to retire abroad. Well, a certain change to non-dom rules may now be the push they need to take the plunge if they want to avoid paying inheritance tax (IHT).
The Autumn Budget saw a major change to Brits with a ‘domicile’. Historically, those would be required to pay IHT on their wealth accrued around the world, even if they retire and die in a foreign country.
However, Labour’s new system will…