UK Inheritance Tax (IHT) Guide for British Nationals in Thailand

Whether you have lived in Thailand for two years or two decades, if you are British, UK inheritance tax (IHT) is an issue that you should consider sooner rather than later.

While you shouldn’t worry unduly, don’t make the mistake of assuming that because you have been living in Thailand for donkey’s years that the HMRC has no claim on your assets after you die.

This is an error made by many Brits and it can be an extremely costly one.

As a cautionary tale, I give you the case of silver screen superstar, Richard Burton, who lived in Switzerland for 27 years to avoid paying tax in the UK.

The simple fact of having bought a burial plot in Wales, even though he was not ultimately buried there, was considered enough of a link to the UK to make his estate liable for UK IHT – resulting in a bill of £2.4million. Ouch!

You may not have the millions that Burton had, but owning a house, or…