WBrief: Swiss assets reachable beyond the grave - Spear's Magazine

WBrief: Swiss assets reachable beyond the grave

An incoming landmark tax treaty between the UK and Switzerland means that the UK tax authorities will be able to “effectively reach people beyond the grave”, the law firm Saffery Champness has warned.

An incoming landmark tax treaty between the UK and Switzerland means that the UK tax authorities will be able to “effectively reach people beyond the grave”, the law firm Saffery Champness has warned.

Under the agreement a new penalty is to be levied on accounts which are inherited from the original holders of Swiss accounts who have died and this may entail harsh, unforeseen consequences for the deceased’s inheritors, according to Ronnie Ludwig, a partner in the firm’s private wealth team.

To read the full story, visit wealthbriefing.com



 

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