Inheritance Tax

I am a UK citizen retired and living with my US citizen wife in the US for the past 8 years. I consider myself US domiciled. I want to transfer funds from my US accounts to my daughter who is a UK citizen and UK resident to assist her with a house purchase. The sums would be well within the US Federal estate and gift tax threshold and therefore I would not expect there to be any US tax liability either now or on my death. Although it is not my plan to return to live in the UK, were I to do so in the future, would any UK inheritance tax liability be created by this transfer or would inheritance tax liability be based only my assets at the time of my death?

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.