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Joined: 4/15/2024
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RE: Records to keep for shares held on behalf of spouse
Hi, What are the Inheritance Tax (IHT) implications when a such a gift, or cash gift, is made to a spouse, but neither of the two parties are permanent UK residents? https://www.gov.uk/inheritance-tax/gifts only says that this is IHT free only if both parties are permanent residents in the UK. I understand that these gifts are income tax free, however, is there an IHT for non-permanent residents (but residents)?