"Rachel Reeves is going ahead with abolishing the non-dom regime in April 2025. At the same time, a change to Estate Tax from the first Trump Administration, the Estate and Gift Tax Exempt Amount, which is presently $13.6 million, will expire in December 2025."
"Americans who have not been here long enough to qualify as long-term residents (LTR) under the new UK Inheritance Tax (IHT) rules... would benefit from either an extension of the current US Estate Tax exemption or abolition of that tax, as IHT would then only be relevant to their UK sited assets."
"US citizens living in the UK who will be LTR under the new UK rules need to start thinking about how UK and US taxes interact... Otherwise, they may find themselves scrambling to prepare for a changing tax landscape."
Collection
[
|
...
]