Hello all,
Over the last three financial years I have given my son over 250,000 pounds total (lucky him). I am currently non-resident & non-domicile.
Anyway, i am thinking of moving back to the UK next year (2018-2019 FY) to be closer to my grandchildren in my old age. HMRC say that I would be considered UK domicile if I live in the UK at any point in the 3 years before my death. So if I were here when i died, would the £250,000 gift (that I gave to my son when i was non-dom) now come under PET rather than be excluded?
So basally, does final resident/domicile status matter only for PET or is it only those years in which you were UK resident/domicile that count under PET?
Thabnk you
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