by Dirk W. Kolvenbach | May 13, 2020 | • Residency; consequences, double nationality, cross border estate planning
An international accrual of inheritance is given when for example a German testator holds assets abroad or vice versa a foreign testator holds assets in Germany. Due to the different national regulations in each country the international assets of e.g. Germans involve...
by Edgar Paltzer | Apr 30, 2020 | • Foundations and trusts; structures to hold, control, protect and manage family wealth, • Residency; consequences, double nationality, cross border estate planning, • Transfer to the Next Generation
Switzerland does not have a law relating to trusts. However, it ratified the Hague Convention regarding trusts and agreed therefore to recognise trusts that are created in accordance to the convention. Switzerland, as a civil law country, does not have a law relating...
by Walter H. Boss | Apr 21, 2020 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament
The order of succession in Switzerland is determined by the Swiss Civil Code. According to the general provisions of the Swiss International Private Law Act, Swiss courts or administrative authorities at the decedent’s last domicile shall have jurisdiction over...
by Yumna Mookrey | Sep 30, 2014 | • Residency; consequences, double nationality, cross border estate planning
The creation of trusts for estate planning purposes or for tax purposes In terms of South African statutory provisions, trust assets vest in a trustee of a trust in his/her capacity as trustee – held separately from his/her personal estate. In divorce matters, in...
by Sonia Velasco | Aug 22, 2014 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament
Are non residents in Spain discriminated against where inheritance and gift tax is concerned? Are there any possibilities to ask for a refund of the taxes paid in the past? The tax treatment of non residents in Spain concerning inheritance and gift taxes could be...
by Sonia Velasco | Aug 22, 2014 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament
Issues arising when an inheritance or a gift involves non-resident individuals. Under Spanish regulations, mortis causa transfers and inter vivos gifts are subject to inheritance and gift tax (“IGT”). Spanish resident individuals are subject to IGT on their worldwide...
