Being unaware of international Inheritance & Succession laws can result in costly surprises, in some cases even result in tax issues if tax debts cannot be paid right on time.
Succession Law is governed by the jurisdiction of the country in which immovable assets are situated. Everything else such as cash in bank, stocks and shares are governed by the jurisdiction of your domicile or residency. Needless to say that there vast differences between Common Laws and Continental Laws.
We are specialising in international inheritance tax planning and foreign wills and will deal with issues if one passes away.
International inheritance is a complicated subject and specific to each individual. Furthermore, the rules vary between jurisdictions.
Through our scope of work in International Taxation we offer a seamlessly integrated second to none international and local tax advice – always backed up through local partners. We cover the full range of Taxation – Income Tax, Capital Gains Tax, Gift & Inheritance Tax and Wealth Tax.
Speak to us prior to entering into any agreements to discuss the complexity of Tax Residency and its possible outcome.