From www.accountantsdaily.com.au: Pitcher Partners warns that changes to the UK’s inheritance tax regime could severely impact Australians with UK investment portfolios, potentially imposing a 40% tax on estates worth £325,000 or more.

Starting April 2025, the UK plans to remove non-domiciled status, meaning those who have been UK residents for over 10 years could face inheritance taxes on their worldwide assets.

The changes aim to simplify the UK tax system but may negatively affect many Australians, prompting the need for expert legal and financial advice.