Jurisdiction(s):
United Kingdom

Will explanatory note: spouse absolute gift; residue to children equally; disabled person’s trust for one share; tax and administration, including Finance Act 2025 residence-based IHT reforms.

Precedents
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STOP PRESS: Abolition of non-dom regime and introduction of residence-based IHT regime

The Finance Act 2025 (FA 2025), granted Royal Assent on 20 March 2025, brings in legislation to scrap the remittance basis of taxation and introduce a residence-based system, effective from 6 April 2025. FA 2025 also replaces domicile as the primary factor in determining liability to inheritance tax. Further updates include revisions to the rules for excluded property status, the removal of protected settlements status for offshore trusts, and adjustments to overseas workday relief.

For further detail on these reforms, see Practice Notes: The abolition of the remittance basis of taxation from 2025–26 and A new residence-based regime for IHT from 2025–26. See also Finance Bill Tracking Service: Key dates (Finance Bill 2025) and Finance Act 2025.

[Your ]Will—[ name of testator ]—[ explanatory note ] This [ explanatory note ] sets out the principal provisions of your Will. Please review this [ explanatory note ] and your Will with care...

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Web page updated on 22/05/2026

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