Source: The Tax Specialist Journal Article
Published Date: 1 Apr 2020
Cross-border private clients have very specific estate planning needs, requiring consideration of not just their individual circumstances, but also their domicile (which can differ to their country of citizenship) and the differing income, estate, gift and inheritance taxes of two or more countries. Add to that, the interplay of factors such as international tax treaties, foreign tax credits, and the need to identify, preserve and distribute the estate in each jurisdiction, which can create a complex maze that practitioners need to guide their clients through.
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