Key Points & Benefits of Considering an EPT Established in
Gibraltar
An Excluded Property Trust is brought into being by a valid and
legally binding Trust arrangement ("Deed of Settlement")
by which a person, not domiciled in the UK (or UK deemed domicile),
is able to protect overseas assets from a future UK Inheritance Tax
(IHT) liability should that person become domiciled or deemed
domiciled in the UK. At the time of writing a non UK domiciled
person will automatically acquire a "deemed domicile" in
the UK after 15 years of residence.
Key Points:
An EPT is a useful means by which such a person as mentioned is
able to protect assets for the purposes of wealth preservation,
succession planning and simplification of the process of Probate.
Once a non-domiciled person settles assets into an EPT and this is
done before they acquire UK deemed domicile, those assets will sit
outside that person's personal Estate and therefore not be
included in any calculation of
