Meeting/Seminar

New European rules for international succession - 7 January 2016

Hosted by
STEP Hong Kong
Event type
Meeting/Seminar
Venue
Withers
Address
20/F Gloucester Tower
The Landmark, Central
Hong Kong
Country
Hong Kong
Date
7 January 2016
Time
18:00-19:00
Description

On 17th August 2015 new EU succession rules (Regulation (EU) No 650/2012 or the “Regulation”) entered into force, which scope affects every person (EU national or otherwise) owning assets in a European country.  From now on, international successions can be governed either by (i) the law of the last habitual residence of the deceased, or (ii) the national law of the deceased, if the latter unequivocally expressed such choice before his death.

The Regulation simplifies the current situation: a given succession can now be treated coherently, by one single court applying one single law.  Tax wise, the situation remains unchanged. Inheritance rights will continue to be determined in each country, according to local rules and potential double tax agreements dealing with inheritance rights.

Citizens owning European assets shall be aware of this reform and its practical implications, so that they can organise their international succession.

Cécile Acolas, Partner at Rosemont Consulting SARL, will discuss how these rules will affect all expatriates in Hong Kong who own assets in Europe (whether real estate or movable properties).

Cost:
STEP and HKTA members - HKD 300
Guests and non-members - HKD 400
Group discount per person for 10 pax or more - HKD 275
Contact
Diana Bruce
Contact phone
(852) 2559 7144
Contact email
queries@step.org.hk
Details
Microsoft Office document icon New European rules for international succession - Cecile Acolas - 7 January 2016.doc
Add to Calendar events/new-european-rules-international-succession-7-january-2016 07/01/2016 18:00 07/01/2016 19:00 Withers, 20/F Gloucester Tower, The Landmark, Central, Hong Kong STEP Hong Kong New European rules for international succession - 7 January 2016 On 17th August 2015 new EU succession rules (Regulation (EU) No 650/2012 or the “Regulation”) entered into force, which scope affects every person (EU national or otherwise) owning assets in a European country.  From now on, international successions can be governed either by (i) the law of the last habitual residence of the deceased, or (ii) the national law of the deceased, if the latter unequivocally expressed such choice before his death. Hosted by: STEP Hong Kong. Contact: Diana Bruce. Contact phone: (852) 2559 7144. Contact email: queries@step.org.hk