Mr R has Indian domicile but has been resident in the UK for many years and will therefore be UK deemed domicile for IHT purposes.
However, I understand that the 1956 Estate Tax Treaty between UK and India means that on death any non-UK assets will only be taxable in India, not the UK, and as Indian Estate Duty is now abolished will escape tax completely.
In order to ensure that full advantage is taken of this rather surprising relief, how do his UK and Indian wills need to be drawn up? Does his UK will need to specifically exclude his non-UK assets and does his Indian will need to specifically include only his non-UK assets? What further steps need to be taken apart from obviously maintaining his Indian domicile status?
Some of his assets are in India but he also has considerable wealth in the Isle of Man.
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