deemed domicile

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For the purpose of inheritance tax, an individual who is not domiciled in the UK is nevertheless subject to inheritance tax on property situated throughout the world if he has been resident in the UK for more than 16 out of the 20 years prior to the occasion of charge. The rule also applies inheritance tax on a global basis for three years after an individual has lost a domicile within a constituent part of the UK (Inheritance Tax Act 1984 s 267). The concept of deemed domicile applies to inheritance tax only: it has no relevance for income tax or capital gains tax.

Subjects: Law.

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