Adviser Profile: Matthew Clark of Seabrook Clark
Read the full article at Citywire New Model Adviser.
Inheritance Tax (IHT) and non-Domiciled Survivors
There has been a welcome change recently for non-domiciled widows, who have previously been liable to Inheritance Tax (IHT) on their spouse’s death. Whilst assets can usually pass between spouses without IHT, there has always been a hidden trap where the deceased was domiciled in the UK and the survivor was domiciled in another country.