View more on these topics

WHERE IS AN ASSET SITUATED?Life insurance policy Generally, where life company is registeredunless written under seal*

WHERE IS AN ASSET SITUATED?

Life insurance policy Generally, where life company is registered

unless written under seal*

Immovable property Where property is situated

Coins and banknotes Where they are situated

Registered shares & securities Where they are registered

Bearer shares & securities Where certificate of title is registered

Goodwill Where business is carried on

Interest in a partnership Where business is carried on

Debts Generally, where debtor lives

* A life insurance policy can be written under seal from the outset. It cannot be written under seal if it is already in force. If it is under seal, it will be treated as situated where the policy document is located. Non-UK-domiciled people should think about writing a UK policy under seal and keeping the policy document outside the UK. Always be aware that other countries may have an equivalent tax to UK IHT. There is, however, no equivalent IHT in the Isle of Man and the Channel Islands.

Recommended

Global vista for Aberdeen

Aberdeen Asset Management is targeting experienced investors who want to invest in future economic changes worldwide with its new global champions fund. The product is a unit trust that invests in three themes – globalisation, innovation and communication.Globalisation will cover companies whose boundaries cover large geographical areas, such as media company Viacom and healthcare company […]

Govt urged to curb stakeholder ignorance

Pressure is mounting on the Government to spend more cash on stakeholder education following the revelation that many small businesses remain ignorant of their new obligations.The quarterly Finance Line survey from marketing information specialist Taylor Nelson Sofres shows that more than two-thirds of businesses with turnover between £250,000 and £1m are unaware of their duty […]

Preserve polarisation, says ScotLife

Pension specialist Scottish Life has slammed proposed changes to polarisation in the London Economics report commissioned by the FSA.ScotLife claims a move away from polarisation would damage the IFA sector, cause confusion and reduce consumer choice.It says introducing more change to an industry already shaken up by e-commerce and the introduction of Government measures such […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com