Transfers of assets to a non-UK domiciled spouse are restricted to a lifetime limit of £325,000 for Inheritance Tax purposes. Transfers of overseas assets from a non-UK domiciled spouse should be carefully considered to understand whether they are making a taxable remittance.

Where there is a need to understand the tax implications of disposing or transferring overseas assets, or where one of the spouses is non-UK resident, we can call on our colleagues in the Crowe Global network to advise on the tax implications where the asset is held, review a residency position (where required), and incorporate that into our advice.