Seemingly never out of the limelight, this relatively new kid on the block has enjoyed a rise to fame only an X Factor best of breed could hope to emulate. Dubai has often given the air of celebrity: serviced by an enviable fleet of Emirates aircraft, adorned with the finest buildings such as the Burj Dubai, and adored by numerous fans in the form of tourists and businessmen. That's not to say it is all fairytales (as recent events have shown) and Dubai would not be the first celebrity to learn that its fans can be fickle (rightly or wrongly). However, fans and critics alike would probably agree that whether by choice or economic circumstance, some individuals will be drawn to this young and ambitious state and others will leave. Consequently, this article will take three different individuals and identify certain asset holding/succession options open to them.
United Kingdom (UK)-resident and English-domiciled non-Muslim individual who has purchased Dubai real estate
Unlike some other Gulf Cooperation Council (GCC) countries, real estate ownership by foreigners is permitted in certain areas in Dubai.
A UK-resident, English-domiciled individual is taxed in the UK on his worldwide income and gains and his worldwide estate suffers UK inheritance tax...
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