Foreign Aspects
Foreign property and succession rights
An increasing number of English people own assets abroad, for example holiday homes in France and Spain. And an increasing number of non-UK nationals own business or property interests in England.
English solicitors are not authorised or qualified to give specific advice on the effect of the property, succession or tax laws of other countries. But having said that, the English solicitor has an important role to play in advising clients on the English legal and tax consequences of owning foreign assets and in identifying in general terms the foreign legal and tax aspects that may need to be considered.
The sort of questions that can arise include-
- The validity of an English will to deal with non-UK property, or of a non-UK will to deal with property in England.
- The effect of English and foreign inheritance laws on a client's freedom to dispose of assets through a will.
- The implications of non-UK succession rules, for example forced heirship provisions
- UK inheritance tax and how it applies to UK assets and foreign assets.
- The implications of UK domicile rules on tax and inheritance rights.
We regularly advise our clients on these and other associated questions.
We ensure that clients receive whatever legal or other advice they need in other countries, and we work closely with the relevant professional advisers.
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Real and Personal Autumn 2009 - 26th October 2009
The Autumn 2009 edition of the quarterly Real and Personal newsletter. >>
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Real & Personal Winter 2009 - 30th January 2009
The Winter 2009 edition of the quarterly Real & Personal newsletter. >>
Older Client Funding - 7th October 2009 >>
Unmarried People - How To Save Inheritance Tax On Death - 7th October 2009 >>
Andrew Mortimer
David Ainslie