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ARTICLE · 20 MAY 2015

Excluded Property Trusts

Fiduciary Group
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What is an Excluded Property Trust (EPT)? It is a discretionary trust created by a settlor who is/was non-domiciled at the creation of the trust.

United KingdomCorporate/Commercial Law
Fiduciary Group
Fiduciary Group
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UK Non-Domiciliary Planning

What is an Excluded Property Trust (EPT)?

  • It is a discretionary trust created by a settlor who is/was non-domiciled at the creation of the trust.
  • The settled assets must consist of non-UK situs chattels.

Who would the EPT benefit?

  • UK-resident individuals who are non-UK domiciled.
  • Non-UK resident individuals who are non-UK domiciled who may take up residence in the UK.

Key Points

  • Safeguarding of assets, wealth preservation and succession planning.
  • Non-UK domiciliary will become deemed domiciled after residing in the UK for 17 years.
  • Mitigate Inheritance Tax (IHT) and liabilities before acquiring deemed-domiciled status by ensuring Non-UK situs assets are settled before 17 years of residence in the UK.

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