IHT changes brings good and bad news for Non-Doms, Mark Davies comments in International Advisor

The British government plans to extend its inheritance tax (IHT) rules to cover properties held by non-domiciled residents in an offshore entity. The planned extension of the IHT charge will apply to both individuals who are domiciled outside the UK and to trusts with settlors or beneficiaries who are non-domiciled. The UK Treasury, which issued…