Overseas property buyers wil face IHT

Concerns have arisen in recent times that rising property values in the UK and increased asset wealth have made an ever increasing percentage of the population subject to the tax.

Now, concerns are also surfacing over the IHT obligations faced by those with foreign properties.

Independent financial advisers Blackadders urges property owners to be aware of their IHT status both at home and abroad, in order to avoid unforeseen financial difficulty in the future. Keith Thomson, director of investment services, explains that many expatriates would still be eligible for UK IHT.

"If they've only been out of Britain for the last ten years, they are still deemed domiciled in the UK," he states.

Scottish Widows reports that 9.4 million Brits will have an IHT liability by the time they die.

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