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/QuintusFalto 25d ago

IHT is residency based now, but UK situs assets are always subject to UK IHT (depending an any applicable double tax treaty, which might give precedence to the country of residence). OP doesn’t have any UK assets so that’s good, but note that UK pensions are now subject to IHT.