As Benjamin Franklin once said “In this world nothing can be said to be certain, except death and taxes”. Whilst some countries, such as Hong Kong, do not have Inheritance Tax (IHT) it is vital to understand the tax implications of each country that you have assets in. For example, property owned in the UK is subject to IHT in the UK of 40% irrespective if you have lived there or not.
Estate planning strategies can help to mitigate or reduce taxes that may be due and can ensure that more of your wealth is passed to your loved shostka.info.
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