Inheritance Tax Manual

IHTM20613 - Life Policies: policies with Canadian insurance companies: governing law

Policies issued by Manufacturers Life outside Canada usually containÌýa clause specifying which law governs the contract and are usually in the form prescribed by that law. Policies in England, for example, are usually in English form and governed by English law.Ìý

If the policy expressly refers to the Married Women바카라 사이트™s Property Act 1882 (IHTM20181) you may assume that it is governed by English law.Ìý

If the policy is governed by the law of a Canadian provinceÌýit will normally only be liable to Inheritance Tax if the life assured dies domiciled in the UKÌý(to 5 April 2025) or a long-term UK resident (from 6 April 2025)Ìýor if the policy is situated here on their death. Guidance on issues of domicile, long-term UK residenceÌýand situs can be found in this manual in바카라 사이트¯Chapter 13 (IHTM13001),ÌýChapter 47 (IHTM47000)ÌýandÌýChapter 27 (IHTM27000).Ìý