I have a close friend whose whole family holds British Citizen passport.
My friend lives in the UK but the rest of her family (parents and a brother) has lived overseas all their lives.
Under such condition, I wonder how would inheritance tax be calculated?
Since her parents and brother has lived overseas all their lives, it seems to be clear that her brother won't be taxed over the parents' estate.
Will IHT only be applicable over the portion of the estate that is due to be split to UK domicile beneficiaries?
What happens if she declines her parents' inheritance such that her brother receives all the inheritance?
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