Glossary · UK
What is Excluded Property Trust?
A trust holding non-UK assets established by a non-UK domiciled individual, typically to shelter those assets from UK inheritance tax.
Full Definition
An Excluded Property Trust (EPT) holds non-UK sited assets for a non-UK domiciled settlor. Property held on such trusts is "excluded property" for UK IHT -- outside the charge even after the settlor becomes UK domiciled (under old rules, not affected by deemed domicile). From April 2025, the abolition of the remittance basis and deemed domicile changes affected planning options. Assets placed into an EPT before April 2025 may retain protection. New arrangements must consider the FIG regime and updated IHT rules for non-doms announced in the 2025 Finance Act.
See Also
Disclaimer: Definitions are for guidance only. For decisions about your tax, savings, property or pension situation, always consult a qualified professional or refer to gov.uk.