Cryptoassets are property for the purposes of inheritance tax.
This means that a transfer of cryptoassets during an individual's lifetime can be a potentially exempt transfer or chargeable lifetime transfer; and on death cryptoassets can be included in the death estate.
HMRC's manual points out that the location of cryptoassets may need to be determined for non-UK domiciled taxpayers, this is because a non-domiciled individual is generally only subject to inheritance tax on their UK assets.
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