30 Deemed domicile: inheritance tax
Finance (No 2) Act 2017 (2017 c 32) | Legislation

30  Deemed domicile: inheritance tax

(1)     In section 267 of IHTA 1984 (persons treated as domiciled in the United Kingdom), in subsection (1)—

(a)     in paragraph (a), omit the final “or”;

(b)     after that paragraph insert—

“(aa)     he is a formerly domiciled resident for the tax year in which the relevant time falls (“the relevant tax year”), or”;

(c)     for paragraph (b) substitute—

“(b)     he was resident in the United Kingdom—

(i)     for at least fifteen of the twenty tax years immediately preceding the relevant tax year, and

(ii)     for at least one of the four tax years ending with the relevant tax year.”

(2)     In that section, omit subsection (3).

(3)     In that section, in subsection (4), for “in any year of assessment” substitute “for any tax year”.

(4)     In section 48 of that Act (settlements: excluded property)—

(a)     in subsection (3)(b), for “and (3D)” substitute “to (3E)”;

(b)     in subsection (3A)(b), for “subsection (3B)” substitute “subsections (3B) and (3E)”;

(c)     after subsection (3D) insert—

“(3E)     In a case where the settlor of property comprised in a settlement is not domiciled in the United Kingdom at the time the settlement is made, the property

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