Harry and Meghan, the Duke and Duchess of Sussex, are returning to the UK after six years in the United States. By leaving after six years instead of ten, they forfeit major tax benefits, including four years of Foreign Income and Gains relief and protection from inheritance tax. Their estimated fortune of $60 million is now exposed to UK inheritance tax, which can reach 40%. Their timing does offer one advantage: having exceeded the five-year threshold of non-residency, they escape the temporary non-resident capital gains tax rule.
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