The law and practice referred to in this article or webinar has been paraphrased or summarised. It might not be up-to-date with changes in the law and we do not guarantee the accuracy of any information provided at the time of reading. It should not be construed or relied upon as legal advice in relation to a specific set of circumstances.
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.