Excluded Property

This relates to certain types of property which fall outside the charge to Inheritance Tax, subject to certain conditions.

These include: 

  • British Government securities in foreign ownership
  • Property situated outside the UK where the person who is beneficially entitled to the property is not domiciled in the UK
  • Reversionary interests
  • Settled property, i.e. where the settler was domiciled outside the UK when the actual settlement was made