This guidance note sets out the conditions that need to be fulfilled to be treated as long-term UK resident (LTUKR). It details the rules for those arriving in and those leaving the UK and the special rule for young persons. It also considers the transitional rules for those who leave the UK before 6 April 2025.
The long-term UK residence (UKLTR) rules replace the long-standing domicile rules (see the Domicile for UK inheritance tax guidance note) as the connecting factor for UK inheritance tax purposes from 6 April 2025. The UKLTR status of an individual will determine whether their overseas assets are within the scope of inheritance tax or are excluded property. Domicile will continue to be important for other purposes (see below).
‘Formerly domiciled residents’ will now be treated in the same way as other individuals; there are no longer special rules that apply to them to decide their LTUKR status.
If the individual is in scope to UK IHT
**Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason.
Enterprise management incentive schemesWhat is an enterprise management incentive (EMI) scheme?The enterprise management incentive (EMI) scheme is a tax-advantaged share option employee incentive scheme aimed at small entrepreneurial companies that meet certain conditions. It is designed to assist
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