UK Nationals and Residents with Property Abroad
More than one in ten Britons now own a property abroad. If you are thinking of joining them or already own a residence overseas then there are certain things you need to consider.
The International & Cross-Border team at Stone King is one of only a handful of teams nationwide that is dedicated to nothing but international succession, cross-border estate planning and overseas probate work, including:
- Analysing your residence and domicile status, and their impact on succession and inheritance tax
- Your exposure to UK capital taxes and the workings of any applicable double taxation convention
- Planning for any UK inheritance tax liability
- The legal interaction between the UK and the jurisdiction in which your property is located
Watch: US/UK Estate Planning with Stone King
Effective international estate planning for assets in the US and the UK requires a comprehensive approach due to differing tax systems and legal frameworks. Considerations include UK Inheritance Tax, US Estate Duty, double taxation concerns, and trust tax treatment.