Can I use this trust if I am domiciled in the UK?

If you are already a UK domicile and your aim is to reduce any potential inheritance tax liability, then this trust is not right for you. There are more appropriate trust options for you, such as our Wealth Preservation Trust, Gift and Loan Trust and Discounted Gift Trust, and we recommend you speak to your financial adviser to help you decide what is right for you.

How many trustees are needed?

You’ll need to make sure that the trust always has at least two personal trustees or one corporate trustee.

Can I be a trustee and a beneficiary?

Yes, you are automatically a trustee as well as a beneficiary of the trust.

Can I change the trustees?

You can add trustees, as long as you have no more than four trustees at any one time. You can’t remove a trustee. However, if a trustee dies, wants to be discharged, refuses to act or is no longer capable of being a trustee, you can appoint a new trustee in their place.

Can I change the beneficiary?

When the trust is created, you can nominate individual beneficiaries and/or classes of beneficiary (such as, my children and grandchildren). The trustees decide who benefits from the trust within this guidance. You can add or change beneficiaries at any time.

Excluded Property Trust

Shelter your overseas assets from inheritance tax

This trust is ideal for anyone who is resident in the UK and holds assets outside of the UK, but is not currently and has never been UK-domiciled or deemed UK-domiciled. If you invest non-UK assets into one of our international bonds and place it in an Excluded Property Trust before becoming UK-domiciled or deemed UK-domiciled, you could avoid having to pay inheritance tax on the investment.

Is the Excluded Property Trust right for you?

Shelter your overseas assets from inheritance tax

Get access to your investment at any time

No inheritance tax to pay on the assets in the trust if you become UK-domiciled

What are the risks?

The value of your investment can go down as well as up and you may get back less than you invest. Tax rules depend on the type of investment and individual circumstances and may change.

This trust could be right for you if:

You're not and never have been UK-domiciled or deemed UK-domiciled
You want to be a beneficiary of the trust
You want to avoid a potential inheritance tax liability on your non-UK assets

This trust might not right for you if:

You’re already classed as domiciled or deemed domiciled in the UK
You're living overseas but were born in the UK and are planning to return

Bonds that can be used within this trust

You’ll need one of these products to use this trust:

Fund Centre

Explore all our available funds. See our price lists, fund performance, factsheets and more.

Need an adviser?

Get a tailored quote for this product from a financial adviser. To find one, visit Unbiased.

Frequently asked questions

If you are already a UK domicile and your aim is to reduce any potential inheritance tax liability, then this trust is not right for you. There are more appropriate trust options for you, such as our Wealth Preservation Trust, Gift and Loan Trust and Discounted Gift Trust, and we recommend you speak to your financial adviser to help you decide what is right for you.

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