Partner Angharad Lynn has been quoted in an article from the Financial Times which examines the increasingly complex landscape facing British nationals who own, or are considering purchasing, property in the EU. The piece highlights the growing web of regulations around short-term rentals, tax liabilities and succession planning for overseas property. In light of this, Angharad emphasises that it is important clients review their estate planning when acquiring property abroad.
It’s important to review your will when you buy a property in the EU. […] Don’t assume that it can pass under your English will without any issues. English wills usually provide for assets to be left on trust and, as trusts are not recognised in many civil law jurisdictions, this can cause problems when the estate comes to be administered and can mean unforeseen tax consequences.
The full article is available to read from Financial Times online, by subscription only.
About Angharad
Angharad Lynn is a partner in the private client team with expertise in cross-border estate planning and administration. A fluent French speaker, she is particularly experienced at dealing with Anglo-French estates and supporting globally mobile clients with multi-jurisdictional assets on estate planning.
Get in touch
If you would like to speak with a member of the team you can contact our private client solicitors; Holborn office +44 (0)20 3826 7522; Kingston office +44 (0)20 3826 7529 or Putney office +44 (0)20 3826 7515 or complete our form.
