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Home / Simons-Taxes /IHT, trusts and estates /Part I8 Valuation /Division I8.3 Valuation of particular types of property /Valuing foreign assets for IHT / I8.358 Valuing blocked foreign assets
Commentary

I8.358 Valuing blocked foreign assets

IHT, trusts and estates

Many overseas countries operate exchange control systems freezing assets situated within their jurisdiction owned by aliens, and preventing repatriation to the alien's own country. The extent and severity of these regulations vary from country to country. In some cases virtually no assets can be taken out of a country by UK residents for economic or political reasons (Sri Lanka, Pakistan, Zimbabwe, Chile, etc), while in others, such as India, the remittance of limited

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