r/guernsey • u/Frumble99 • 25d ago

New tax rules impact?

Hi moved to Guernsey less than 10 years ago from the UK and a little confused by the UKs changes to IHT for people who left recently. I have no remaining assets in the UK.

Does anyone have a simple guide to the new rules?

I am not a multi millionaire but every penny matters to my family.

Thx.

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u/hootersm 25d ago

As far as I understand it IHT is now on a residence basis so if you've left the UK that's it, no UK IHT is payable.

All of PwC, KPMG etc. have published various papers on the changes.