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Where Taxpayers and Advisers Meet

Estate Plannng

eenir
Posts:5
Joined:Sun Feb 04, 2018 6:14 pm
Estate Plannng

Postby eenir » Tue Jul 17, 2018 7:49 pm

My husband and I own two properties jointly one in Scotland valued at £200,000 and the other in Portugal valued at 300,000 Euros and we are planning to make a will in Portugal using UK law as we are resident in the UK . We want to leave the property to each other and upon our death to our two sons who plan to sell the property. The property in UK would be left to each other and then to our sons We are wonder if doing this will cause problems for our sons at a later date possibly with HMRC and wondered if there may be a better way to arrange things Regards Irene

Lee Young
Posts:2707
Joined:Wed Aug 06, 2008 3:26 pm
Contact:

Re: Estate Plannng

Postby Lee Young » Wed Jul 18, 2018 10:29 pm

Make the wills as you state. Your total estate of c£500,000 wont give rise to any IHT in any event.
Lee Young
Solicitor, Chartered Tax Adviser and Trust and Estate Practitioner


Partner, Frettens LLP
lyoung@frettens.co.uk
01202 491701


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