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Jurisdiction for Inheritance Tax (IHT)

August 7th, 2012

The European Union’s Council of Ministers are close to signing off a final version of a regulation setting out a common EU process for settling cross-border estates but it won’t apply in the United Kingdom. The agreed draft states that a person can choose the jurisdiction and succession law that will apply to his estate after his death. If he makes no election then the succession is determined by his habitual residence at the time of death.

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