The new loophole that could save expats huge sums on inheritance tax

The new loophole that could save expats huge sums on inheritance tax

Changes made to inheritance tax (IHT) rules in the Budget could mean a number of wealthy expats opt to move back to Britain as a result of a new loophole that has emerged.As part of changes made to non-dom rules in Rachel Reeves’ Budget, Britons who spend a decade abroad are no longer considered residents and are not liable to pay IHT on their global assets as of April 6.They are then able to live in the UK for the following nine years before th…