UK India tax treaty 'loophole' means Rishi Sunak family will not gain from IHT abolition

The 1956 tax treaty between the UK and India means that someone domiciled in India, like Rishi Sunak's wife, Akshata Murty, is never subject to UK inheritance tax on their non-UK situs property, no matter how long they live in the UK. Dan Neidle founder Tax Policy Associates highlighted this in a LinkedIn post on 28 September arguing "lots of people [are] saying Rishi Sunak's family would get a £300m benefit from the abolition of inheritance tax. They're wrong. The Sunaks are already mostly exempt, thanks to an obscure 1950s loophole." But he further said in an article that "the handf...