BCC & ILCC: "Personal Tax and Inheritance Considerations for Individuals with Interests in Luxembourg, Ireland and The UK"
By BCC Secretariat for British Chamber of Commerce, June 20 2025
On Thursday 19 June 2025, the British Chamber of Commerce and the Ireland Luxembourg Chamber of Commerce held a joint evening event at Hotel Parc Belair. Ken OโMahony gave a detailed presentation on personal tax and inheritance issues affecting people with ties to Luxembourg, Ireland, and the UK. He explained how each country handles inheritance differentlyโwho gets taxed, what exemptions apply, and how residency and domicile affect tax obligations. Ken also covered key differences in handling property, cash, shares, and businesses, pointing out how important it is to get proper adviceโespecially when estates span multiple countries.
We asked the Country Head, Andrew Zacharias.
๐ช๐ต๐ฎ๐ ๐บ๐ผ๐๐ถ๐๐ฎ๐๐ฒ๐ฑ ๐๐ผ๐ ๐๐ผ ๐ท๐ผ๐ถ๐ป ๐๐ต๐ฒ ๐๐ฟ๐ถ๐๐ถ๐๐ต ๐๐ต๐ฎ๐บ๐ฏ๐ฒ๐ฟ ๐ผ๐ณ ๐๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ฒ ๐๐๐ ๐ฒ๐บ๐ฏ๐ผ๐๐ฟ๐ด?ISG is a global construction specialist with its HQ based in the UK. Here in Luxembourg we have been developing a reputation for consistent and high quality delivery of projects over the past few years โ in that period we have completed numerous office fit out & refurbishment projects (collectively over 50,000msq) for leading international companies without missing a single deadline and with exceptional customer feedback. As a result of our hard work and dedication to our clients and their projects we now have over 80% repeat business which demonstrates our passion for developing long term relationships. We do not however want to rest on our laurels. We believe we can provide something different to the Luxembourgish market, by leveraging international expertise with our local and European partner network, so our motivation to become a member was because the BCCL provides a platform and actively promotes the coming together of leading local and international companies to collaborate and share knowledge on a wide variety of topics that we can contribute to as well as being able to introduce ourselves to other members who are not yet familiar with ISG Luxembourg.
๐ช๐ต๐ฎ๐ ๐ถ๐ ๐๐ต๐ฒ ๐ต๐ผ๐๐๐ฒ๐๐ ๐๐ผ๐ฝ๐ถ๐ฐ ๐ถ๐ป ๐๐ผ๐๐ฟ ๐ณ๐ถ๐ฒ๐น๐ฑ ๐ฟ๐ถ๐ด๐ต๐ ๐ป๐ผ๐?