UK Tax Questions? Ask a UK Tax Advisor for answers ASAP
I know that should I die say within four years of my gifting my house in the UK to my wife who is a permenent resident of an overseas country then the house would be considered for inheritence tax purposes as part of my estate. I also believe that if my death were to ocurr between 4 and I believe 8 years following the transfer of title, the Inheritence tax would be proportioned in relation to years since transfer.
So I would ask you to clarify your answer in relation to my original question that is would the inheritence tax situation as described above be completely or partially circumvented should I die within eight years of the transfer of the ownship of my house in the UK to my overseas wife,as part of a divorce settlement.Thanks
Thanks Claire you,ve answered my question.