Will my pension and property overseas be subject to UK inheritance tax? money expert, says…As someone who is classed as a long-term UK resident, all your assets, regardless of where they are located, will be subject to UK inheritance tax rules. Those assets could quality for the usual inheritance tax allowances and exemptionsThere is a silver lining: inheritance tax applying to your overseas assets also means those assets could quality for the usual inheritance tax allowances and exemptions. Anything that you’re leaving to your spouse will be exempt from inheritance tax. Find out more: Inheritance tax calculatorWhich?