Inheritance Tax Changes for UK Non-Doms in 2025

The UK’s inheritance tax rules are changing significantly from 6 April 2025, introducing a residence-based system that replaces the current domicile-based approach. These changes will have a profound impact on non-UK domiciled individuals, especially those with long-term UK ties.

See our blog for all the details;

Key highlights include:
- **Residence-Based IHT System**: Tax liabilities will now be based on residency, not domicile.
- **"Tail Provision"**: Extends inheritance tax obligations for up to 10 years after leaving the UK.
- **End of Remittance Basis**: Non-doms will be taxed on worldwide income and gains.
- **Impact on Trusts**: New rules affect the taxation of trust assets.

These changes make it critical for non-doms to review their financial and estate planning strategies. For instance, if you’re from countries like Australia or New Zealand, which don’t have inheritance tax, the new rules could mean your non-UK assets will be taxed at 40% for years after leaving the UK.

**Need advice?**
No Worries Accounting specialises in helping freelancers, sole traders, and contractors navigate complex tax changes. Contact us today for expert guidance:
📞 Phone: [phone]

Plan now to minimise your tax liabilities and secure your financial future.

[PJD_]

I’ve not lived in the uk for the last 35 years although I do visit for a few weeks every year. Does that mean that I’m not liable to IHT anymore?