November 28, 2017



ALL UK residential property owned via offshore trusts are liable for Inheritance Tax.

If, once you’ve read this case study, you’d like to talk through your situation, please call 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

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The changes explained

Non-domiciled individuals now have a need for life cover following changes to the way their UK residential property is taxed.

This essentially means that should any owner of a UK residential property pass away the proceeds of the whole property will be liable to inheritance tax, which can often run into millions. The most cost effective way of covering or offsetting this liability to by taking out a life insurance policy which can often be less that your Annual Tax on an Enveloped Dwelling.

Future Proof can help you arrange a plan to protect against this risk including owners based in Hong Kong, Singapore, South Korea, UAE, Dubai, Bahrain, Qatar, Europe, South Africa, Australia, New Zealand and many other regions.

The Finance Bill (No.2) 2017 received Royal Assent on 17 November 2017, meaning non-doms who own any UK residential property via an offshore trust, company or partnership will now be liable for inheritance tax (IHT). This is known as IHT on Enveloped Dwellings (IHTED).

Billions of pounds of IHT liability has been created for the beneficiaries of wealthy non-doms, which has given rise to a need for life cover needed regardless of whether the property is to be sold, gifted or kept.

If you are interested in arranging life insurance, it really can pay to take impartial UK advice.

The levels and bases on taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

How to contact us:

Whilst you are welcome to get a quote on-line but we would recommend you talk to one of our advisers.

Your adviser will take into account your residential history. Any quote which they provide to you will take into account to your situation, your medical history, as well as your budget!

An on-line quote is just that – a quote – it isn’t a definite offer of cover. What really matters is the premium you are offered, after your application has been assessed.

Call Freephone 0800 644 4468 – Monday to Thursday from 09.00 to 19.00 and on Friday between 09.00 and 17.00.

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Please feel free to read our Independent client reviews, or read about the team at Future Proof.

Whilst we will make every endeavour to help someone to arrange insurance, there is no guarantee of success.  All applications are subject to underwriting.

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For more information on the latest tax details go to

Click on the graphic below and watch our short video about Trusts, a vitally important part of mitigating tax liability. Trusts are not regulated by the Financial Conduct Authority.

trust with playbutton