IHTM16161 - Foreign Property in a trust: introduction
The rules for determining听whether foreign property is excluded property are revised from 6 April 2025.听 The听general rule is that foreign property comprised听within a settlement will be excluded property if the settlor was not a long-term UK resident (IHTM47000) at the time of the chargeable event (on or after 6 April 2025).听
If the chargeable event was听before听6 April 2025,听any听foreign property which is comprised in a settlement is excluded property if the settlor was not domiciled in the UK at the time the settlement was made (or in relation to property that was added later, at the time the addition was made).听
The next page gives further details of when foreign settled property is听excluded property.听