A pension that many expats believed would pass to loved ones outside inheritance tax rules could soon be treated differently by the UK tax authorities. The pension itself will not lose value, but the way it is viewed for inheritance tax purposes will change. The rule change many expats may not have seen comingMoving to Spain does not automatically remove a person from UK inheritance tax rules. For some people, this could reduce future inheritance tax exposure while allowing them to support loved ones during their lifetime. For those who are not Long-Term Residents, gifts involving non-UK assets may not fall within UK inheritance tax rules.