IHTM27031 | Foreign property: valuation of assets: household and personal goods

From 6 April 2025, for inheritance tax purposes, domicile is replaced by long-term UK residence and you can find details of these rules at IHTM47000.

Foreign household and personal goods (IHTM21000) must be valued in the same way as UK assets.

Situs

Assets that are on display at a museum may not be counted as in the UK at the relevant time. In such a case the item may not be taxable in the UK (IHTM27075), depending on the domicile (to 5 April 2025) or long term UK residence (from 6 April 2025) of the taxpayer.