Beat the IHT net with excluded property trusts

When people speak of War and Peace, they usually talk about the book's size (around 1,500 pages). I am afraid publications on offshore and foreign tax planning are equally voluminous. All of this can scare people away, but within this maze are some very simple inheritance tax (IHT) planning strategies. At its basic level, the excluded property trust (ETP), is a case in point. The trust is for the non-UK-domiciled only. Do not set one up or buy a 'second-hand' one if you are UK domiciled. You should be aware of the basic IHT rules for the non-domiciled; in short, the non-domiciliary av...