What happens if you are from the UK and still have UK properties? Beware of the dreaded inheritance tax!
Approximately 1.3 million Britons now live in Australia. Many choose to retain UK properties but are not fully aware of the UK tax, and in particular the inheritance tax (IHT), implications. With information sharing between tax authorities now the norm, it is no longer possible to ignore this.
What can you do about IHT?