Confirm the arrangements that affect heirs and family in other countries.
Plan for the optimal timing of loss of tax residence, and any exit charges.
Consider any action that needs to be taken to ensure assets are held in the optimal way, prior to moving. Leaving this until after arrival can result in unexpected and large tax bills that could have been avoided.
Plan the timing of disposals and acquisitions to ensure the best possible tax outcome.
Consider establishing new banking arrangements to segregate income and gains.
Confirm which laws govern succession and if a choice of different jurisdiction law is available.
Confirm whether marital/family laws are affected and whether a choice of different nepal mobile database jurisdiction law is available.
Review estate planning documents (wills, succession, and prenuptial documents), and consider the interaction of wills, appropriate for different jurisdictions.
Consider the use of trusts for estate planning, not forgetting that the timing of the settlement of trusts could be key to the taxation outcome.
Implications of transferring physical wealth:
Family heirlooms, jewellery, works of art, aircraft, cars and yachts: can they be transferred, are import duties applicable?
Gifts and Donations:
Confirm whether gifts or donations should be executed in advance of acquiring the new residency.
Succession and inheritance:
-
- Posts: 503
- Joined: Sun Dec 22, 2024 8:32 am