AIG Life has bought to market a term assurance and whole of life proposition for non-UK domiciled individuals impacted by the new IHT on Enveloped Dwellings (IHTED) legislation.
Any non-UK domiciled individuals who hold UK residential property in an offshore structure (e.g. a trust or company) will have been impacted by a change to the inheritance tax (IHT) rules which took effect on 6thApril 2017. Andy Roberts, technical sales manager at AIG Life, described the proposition as a "game changer" as previously there were limited options available for non-UK domiciled individuals and said that AIG Life was communicating the changes via high net worth advisers and private banks. Many non-doms will also be non-UK resident but AIG Life is now able to consider c...
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