Postby pandora_boite » Tue Oct 29, 2019 6:20 pm
Thank you everyone for your responses. Maths, I hope you are right, but I am not sure why you say that the 3 year rule does not apply to me.
Apparently the "deemed domicile" status applies even if I become non-resident. See example 2 on
https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm13061
This states that deemed domicile sticks even of you have a non-uk origin and then become non-resident. Also, I don't know how accurate taxjournal.com is but see below what they say in the context of the 15 year rule and iht.
" From an income and CGT perspective, the domicile status of a non-UK resident individual is irrelevant. However, that non-resident individual will remain within the scope of IHT on his worldwide assets until he has been non-UK tax resident for three consecutive tax years and assuming he remains non-UK tax resident in the fourth year."
https://www.taxjournal.com/articles/planning-deemed-domicile-after-15-years-06122018