iht non res british citezens

[kanrent]

Hi i am a non resident British citizen British domicile.
i have a foreign bank account in the country i live in, can anyone tell me if my estate in the foreign country is taxable by the uk IHT
thank you

[maths]

As you are UK domiciled your worldwide estate is subject to UK IHT.

[ali121]

What if non UK resident and Non UK Domiciled are you still subject to IHT on death on property assets in UK?

[maths]

In principle "yes".

[ali121]

Hi,

Thanks for response. When you say in principle, could you be more specific?
If the UK property is held in my personal name and a UK ltd company.
Furthermore I have lost my uk domicile and residency 7 years ago.

Thank you for advice.

Regards

[maths]

Non-UK domiciliaries are liable to UK IHT on UK assets. Shares in a UK limited company are UK assets.

You would be entitled to the nil rate band of £325,000.

A relevant double tax agreement (if any) would also need to be checked.

[ali121]

My new residency is Pakistan I have been here for 7 years and my domiciliary is here now.
My property portfolio is well beyong the nil rate band.
There is a double taxation agreement between the uk and Pakistan because of course Pakistan was a common wealth country.

Is this double taxation agreement applicable?

Kind regards