IHT and domicile

Re: IHT and domicile

Postby dedalus on Sat Jan 28, 2012 5:34 pm

You could play HMRC at their own game, be devious and don't declare the foreign inheritance.

Authorities abroad would not be concerned with HMRC espcially if the estate is not in the form of a bank account. The property would have to be sorted under the foreign will.
They would carry out their own probate to their own rules and then it would be up to you to declare (or not declare ) the inherited estate to HMRC..... 8-) ;)
HMRC does not have lists of all properties held abroad whatever they might tell you.
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Re: IHT and domicile

Postby pqtaxation on Sat Jan 28, 2012 6:21 pm

dedalus wrote:You could play HMRC at their own game, be devious and don't declare the foreign inheritance.

... HMRC does not have lists of all properties held abroad whatever they might tell you.


I'd suggest this thread has now run its course when illegal conduct is started to be discussed.

But in the extract – you (the deceased) are dead; it is the personal representative of deceased UK domiciliary who is could be potentially devious about foreign situated assets; but if the PR is not a lay beneficiary what is his reason to be devious/illegal.

I have never heard HMRC claim they have “ lists of all properties held abroad”. But I do know from my own cases that there have“intelligence gathering methods” such as UK embassies reporting the death of UK nationals resident in that embassy’s region.
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Re: IHT and domicile

Postby dedalus on Sun Jan 29, 2012 2:31 pm

I was only being sarcastic and i do have a dodgy sense of humour. I certainly do not wish to promote illegal behaviour.

However on the basis of illegal behaviour when taxes are concerned, I can understand people being cynical when our ex prime minister only has to pay 315k on 12000000 income. Have HMRC got anything to say about that?
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Re: IHT and domicile

Postby maths on Sun Jan 29, 2012 2:56 pm

Whilst of course one always has to point out that tax avoidance (whatever that is) is legal and acceptable but tax evasion (whatever that is) is illegal and unacceptable the recent Public Accounts Committee's report on the HMRC does little to either instil the public's confidence in HMRC or that HMRC applies the laws of the land fairly and equitably between taxpayers.
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Re: IHT and domicile

Postby dedalus on Sun Jan 29, 2012 7:36 pm

I understand the difference between tax avoidance and evasion but for me someone who only pays 315k tax on an income of 12000000 quid is not avoiding but evading.....and the guy doing it calls himself a socialist....... :lol: :lol: always thought socialists were a waste of space and this is another specimen that confirms my view...

This forum has honest tax advisers like maths, peter and other guys who give valuable advice. It is a shame that not all tax advisers are honest or people like Tony Bliar would not be able to evade tax so easily.

I have had a look at the tax investigation section of this forum and there are people on there who are desperate after being chased and harassed continuously by HMRC regardless of extenuating circumstances. The system stinks and is wholly corrupt.
If I were an HMRC member of staff I would be ashamed of looking at myself in the mirror.
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