Dealing with estates with foreign assets

Administering an estate which includes foreign assets can be taxing and complicated. Both for cases of British expats, as well as for cases of “non-domiciled” foreign nationals living in the UK, administering an estate with assets overseas will often require  professional advice at the pre-planning stage and at the stage of administering and distributing the estate. This is because a person’s liability to personal taxation in the UK is determined on the basis of their Residence and Domicile status, the place where their assets are held as well as the jurisdictional tax agreement between the two countries in question. For … Continue reading Dealing with estates with foreign assets