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The Double Taxation Relief (Estate Duty) (Italy) Order 1968
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The Double Taxation Relief (Estate Duty) (Italy) Order 1968

Taxes

The Double Taxation Relief (Estate Duty) (Italy) Order 1968

An Italian-domiciled individual who has been resident in the UK for a number of years (and has become so-called 'deemed domiciled'), in the absence of treaty protection, will be subject to UK inheritance tax on their worldwide assets, wherever located. Successful reliance on the UK/Italy Estate Treaty (the 'Treaty') can be helpful to alleviate [...]

By admin|2024-03-10T22:10:23+01:00March 10th, 2023|Taxes|0 Comments

Usufruct arrangements and their UK tax implications: a tax efficient estate planning tool for British individuals with foreign assets?
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Usufruct arrangements and their UK tax implications: a tax efficient estate planning tool for British individuals with foreign assets?

Finance, Taxes

Usufruct arrangements and their UK tax implications: a tax efficient estate planning tool for British individuals with foreign assets?

Usufruct arrangements do not exist under English law, but their creation and existence can, depending on the circumstances, give rise to tax and legal implications which should be considered when determining if they are an appropriate estate planning tool. The creation of a usufruct arrangement by a British individual (UK resident and domiciled) during [...]

By admin|2024-03-10T21:59:33+01:00January 25th, 2023|Finance, Taxes|0 Comments