IHTM27104 - Foreign property: money from a life policy: policies under seal
From 6 April 2025, for inheritance tax purposes, domicile is replaced by long-term UK residence听补nd you can find details of these rules at IHTM47000.
Policies by way of deed or under seal are specialty debts (IHTM27079). Where the policy holder is non-UK听诲辞尘颈肠颈濒别诲听(to 5 April 2025) or not听补听long-听term听UK resident (from 6 April 2025)听补nd there is no evidence to suggest the location of the policy documents has been artificially arranged, HMRC will treat such policies as situated where the deed is to be found.鈥�听
Most Lloyds policies are embossed with a seal听but they are not specialty debts unless they also bear the witnessed personal signature of the General Manager of Lloyds Policy Signing Office. Lloyds听policies that do not bear this signature are chargeable to Inheritance Tax in the country where the debtor (the company) resides听(IHTM27101).听
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