UK & Cypriot Wills and Legacy Planning News

With economic uncertainty and the need to balance public finances, the budget is anticipated to introduce a range of tax-related measures.

The UK government has unveiled significant changes to its taxation system for non-domiciled individuals, impacting income & inheritance tax.

In cases where a person travels from their Domicile of Choice country to another country for euthanasia purposes, Domicile can be affected.

Domicile is a uniquely British concept that has been ‘exported’ to most Commonwealth countries, including Cyprus.

Read our guide on the four classes of UK domicile and what steps to take to find out if you are still UK domiciled whilst living overseas.

An individual might believe they are domiciled in a particular territory, but objective analysis of the facts could prove that to be wrong.

When a British expat remains UK domiciled, it can result in their estates being liable to UK Inheritance Tax (IHT) at 40%.