What are the issues you may face when owning a property overseas?

In our latest Private Client video, Tony Medcalf, Partner and Graham Gordon, Managing Partner discuss various options in relation to ownership of property overseas.

Many clients view property as a safe asset and more recently it has formed part of the strategy for managing your currency risk with sterling’s demise with Brexit and related concerns. However, there are a lot of issues involved with the ownership of property overseas.

The following points are discussed within the video:

• Tax
• Legal implications
• Interaction of wills e.g. does your UK will interact with the property law and inheritance law in the country where the property is?
• Concerns over Brexit in relation to European properties