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Good Advice but dont forget

Moving abroad and domicle is only a part of the equation. Clients should be aware that if they move domicile they should be aware of the country they are moving to death taxes. Wills should also be updated to cover remaining UK property and for overseas property and ensure that wills match and do not cancel each other out. Also when buying overseas property clients should be aware of inheritance process as there are some strange and wonderful rules around the globe. eg women cannot own property or first born inherits everything. In some countries if there is no will, state gets it or it reverts to original land owner. Bit like leasehold, you die property goes back to Lord or Earl whatsisname

Posted by: David Todd

05 Aug 2010 | 14:34
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Don't take an IHT hit when retiring abroad

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