Foreign Assets - Inheritance Tax - Administration Costs

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Trusts & Tax Law
Inheritance Tax - IHT

We are solicitors in London WC2 UK

Our lawyers advise on Inheritance Tax (IHT) and the taxation of trusts

Trusts and Tax

Foreign Assets - Inheritance Tax - Administration Costs

Remember that under Section 173 of the Inheritance Tax Act 1984, you can claim up to 5% of the value of the foreign asset in respect of the excess administration costs over and above administering a similar asset in the UK.

If for example a property abroad is worth, say £200,000 you could claim up to £10,000 in additional expenses. It is therefore worth keeping a list of the Notaries' costs, translation costs etc.

To speak to a lawyer about inheritance tax or any other matter relating to tax or family finances, telephone Felix Appelbe on 020 7242 7000 or use the Contact Request Form.

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This web site contains general information only and does not constitute legal advice. You should take suitable advice as to your specific circumstances. Ambrose Appelbe accepts no responsibility and disclaims all liability in relation to such information.