Act Fast To Start Protecting Your Loved Ones!
Inheritance Tax (IHT) cover protects you on assets owned in the UK by overseas companies.
We can offer advice and cover to protect you from any tax you may face.
We’re so confident we can find you exatly what it is that you need.
Get your free, no-obligation quote to find out how IHT Cover can help you prepare for your future – it only takes a minute!
£500,000 - £999,999
£1m - £1,999,999
£2m - £4,999,999
£5m - £9,999,999
£10m - £19,999,999
More than £20m
What about Critical Illness Cover for expats?
We are also able to help many British expats find Critical Illness Cover.
This can be included with Life Cover and is typically no more expensive than Critical Illness Cover on its own.
What if you have a pre-existing health condition?
If you have a pre-existing health condition, it’s generally more difficult (or impossible) to obtain Critical Illness Cover. It’s still worth asking us though – we promise to do our best!
What is IHT Cover?
Changes brought into effect in April 2017 saw new tax rules for non-UK domiciles facing inheritance tax (IHT) liabilities on assets owned in the UK. This includes residential properties owned by a company or trust, sometimes referred to as ‘enveloped dwellings’. In addition to paying IHT liabilities, enveloped dwellings are also liable for ATED (Annual Tax on Enveloped Dwellings).
Option 1 Sell the property
You could choose to sell the property as a way of removing your IHT liability, however, this still means you pay the Capital Gains Tax (CGT) and Corporation Tax in addition to ATED. It could be more cost-effective and simpler for you to keep the property and pay for IHT cover?
Option 2 Gift the property
Gifting your enveloped property could be a viable solution, however this would also trigger ATED-related CGT and Corporation Tax. On the other hand, depending on whom you gift the property, there is a possible exemption of IHT on the transfer of the property.
Option 3 Keep the property
If you choose to keep the property, you may wish to consider removing the property from envelope as this may remove the need to pay ATED, however it could be quite costly to transfer the property out of the envelope and leaves IHT liability in place. Either way, IHT cover required.
Why Choose Us?
Finding an expat life insurance policy to meet your requirements can be quite challenging as. With many providers unable to offer critical illness cover or UK Inheritance Tax cover, as well as many international providers and brokers charging annual renewal fees, the costs associated with the premium can quickly add up. That’s why we work with providers who are able to offer UK life insurance for expats at UK rates.
Don’t overpay for
Life Insurance as an Expat
Fast, free, no obligation quote
Fixed, guaranteed premiums
for the term
Easy online application,
Read What Our British Expat Clients Say About Us
– M.F. Dubai
– S.N. Spain
– D.S. Qatar
Thanks so much Kath for your time and professionalism and frankness- you truly are a diamond!