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Where Taxpayers and Advisers Meet

Gift from a Non Domicled relative

kumar9
Posts:54
Joined:Wed Aug 06, 2008 4:00 pm
Gift from a Non Domicled relative

Postby kumar9 » Sun May 02, 2021 12:21 pm

If a UK resident recives a gift from a NON DOMICLED, NON RESIDENT relative , does the 7 year gift rule applicable to the donor ?
Is it counted in the Estate of the recipient?
Any other IHT implications ?
Thank you
kumar

pawncob
Posts:4656
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Gift from a Non Domicled relative

Postby pawncob » Wed May 05, 2021 11:58 am

UK IHT rules don't apply to Non Doms.
Any monies received will be part of recipient's estate, as they're assets he owns.
With a pinch of salt take what I say, but don't exceed your RDA


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