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HMRC do not seem interested in a potential five-figure inheritance tax liability. PETER VAINES wonders why
KEY POINTS
- When can a UK citizen permanently resident abroad assume that his UK domicile has been lost?
- HMRC appear unconcerned over a potential £15 000 inheritance tax liability.
- Revenue & Customs Brief 34/10 explains departmental reasoning.
- Are HMRC acting in accordance with their charter?
- Are HMRC helping to achieve “peace of mind”?
Mr Anderson is a lawyer. He was born in the UK of UK domiciled parents. After leaving university and qualifying as a solicitor he left the UK to make his life in Hong Kong.
He joined a major law firm there and has been a partner for 24 years. As befits a senior partner in one of the most prestigious firms in Asia Mr Anderson (not his real name by the way) has been able to...
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