Inheritance Tax is a form of tax that comes into play when someone dies. Simply put, it's a tax on the estate - the money, property and possessions - that a person leaves when they die. If the total value of the estate crosses a certain threshold, Inheritance Tax will likely apply.

In the UK, the threshold is usually £325,000. If your estate is worth less than this, you probably won't need to pay any Inheritance Tax. However, the rules can get more complicated if you're passing on a family home, gifting money while you're still alive, or have other specific circumstances.

There are various ways to minimise the Inheritance Tax due on an estate. This could involve giving gifts to loved ones while you're still alive, putting assets into a trust, or even donating to charity. Each of these moves can help reduce the overall value of the estate that will be subject to Inheritance Tax.

At Switalskis, we're experts at simplifying complicated processes. Our team is on hand to guide you through the maze of Inheritance Tax planning. We'll help you understand your options and make smart choices, so more of your estate ends up where you want it to - whether that's with family, friends or good causes.

Believing you're exempt from UK Inheritance Tax due to non-British citizenship could be misguided. In the context of this tax, your liability is determined by your residence, not your nationality.

So, what does that mean? If you own property in the UK that you call your permanent home, you could end up owing Inheritance Tax.

Now, the rules around this can be a bit of a maze. People often get tripped up, thinking they're in the clear, only to find out they owe tax. It's a tricky area, so you don't want to go it alone and hope for the best.

That's where we come in. Our experts can dig into your unique situation and let you know whether you're likely to need to pay Inheritance Tax and what steps you can take to minimise it.

If you're a UK resident and you own property abroad, it's likely that this property will be counted when figuring out how much Inheritance Tax you might owe in the UK. In short, being a UK resident usually means that your worldwide assets, including foreign property, are subject to UK Inheritance Tax.

However, tax rules can differ from country to country. So you might also have to pay some form of estate or Inheritance Tax in the country where the property is located. This could be complicated, especially if the two countries' tax systems don't play well together. There are some agreements between countries to prevent double taxation, meaning you won't be taxed twice on the same property, but it's not always straightforward.

Also, who you leave the property to can make a difference. Certain countries have specific rules about who you can leave property to, which might affect how much tax is due.

It's really important to get professional advice to navigate these tricky waters. Both UK law and the law in the foreign country will need to be considered to work out the best way to handle the property in your estate.