EU examines tax relief for cross-border inheritances

INHERITANCE tax on overseas properties is becoming an increasing problem in the EU, with cases of people being faced with bills for more than the value of the property.

There are an estimated 360,000 cases of cross-border inheritances a year resulting from increasing numbers of people living in one EU country but with property in another.

In some cases the tax authorities of more than one country can be involved, all with different legislation and all making their own tax claims.