The following Trusts and Inheritance Tax guidance note by Tolley in association with Richard Frimston at Russell-Cooke Solicitors provides comprehensive and up to date tax information covering:
Devolution of an individual’s estate on death is determined by the law of succession in the relevant jurisdiction. The question of which succession law applies is determined by the individual’s connection to the state. Different states use different connecting factors.
This guidance note highlights some of the differences in connecting factors and outlines some of the variable features of succession law in foreign jurisdictions.
The provisions of a Will made in one country may be precluded by features of the succession law in another, eg forced heirship. If no will exists or in the case of partial intestacy, it will be necessary to establish which intestacy law applies using the relevant connecting factor.
Domicile of the deceased is used as the connecting factor in the UK, Ireland, many Commonwealth Countries and USA, but the specific definitions of key aspects of domicile will often vary between the various jurisdictions.
For example, all the following are interpreted differently in the individual states and may result in divergent decisions being made:
The law in Scotland is different to that of the remainder of the United Kingdom.
Barlow Clowes International Limited and others v Henwood is a useful summary of the law of domicile in England and Wales.
The Law Reform Commission of Hong Kong Report on Rules for Determining Domicile of April 2005 is an excellent summary of the law
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login