The British Chamber of Commerce for Luxembourg (BCC) has announced that it is organising an event on "Personal Tax and Inheritance Considerations for Individuals with Interests in Luxembourg, Ireland and/or The UK",  in partnership with the Ireland-Luxembourg Chamber of Commerce (ILCC), at Hôtel Parc Belair in Luxembourg City on Thursday 19 June 2025 at 18:30.

The chambers recalled that Luxembourg, Ireland and the United Kingdom have distinct tax and inheritance laws that significantly impact individuals and independent businesspeople. In Luxembourg, personal income tax follows a progressive system. Independent professionals and investors are taxed similarly. There is no wealth tax for individuals, but inheritance tax applies based on kinship and the location of assets. Real estate in Luxembourg is always taxed locally, regardless of the heir’s residence. Direct descendants benefit from reduced rates and business transfers within families often receive tax relief.

The United Kingdom and Ireland both impose taxes on inherited wealth, but their systems differ in structure and thresholds. Key differences lie in who is taxed - the estate in the UK versus the beneficiary in Ireland - and in the tax-free thresholds and rates. Ireland's system is more relationship-sensitive, while the UK offers broader estate-based exemptions. These distinctions affect estate planning strategies in both jurisdictions.

For independent businesspeople, Luxembourg offers structured estate planning benefits, whereas the systems in Ireland and the UK focus on simpler inheritance structures but with higher rates. Choosing between the three depends on personal and business needs, as the three jurisdictions have distinct advantages.

Attendees will have the opportunity to learn more at this event from Ken O'Mahony, an international tax and finance expert with a special understanding of the three tax jurisdictions.

The evening will begin at 18:30 with registration. The presentation is scheduled to begin promptly at 19:00. The evening will end with networking over drinks and nibbles.

The cost of attending this event is €35 for BCC and ILCC members and €45 fo non-members.

For further details and registration, see https://www.bcc.lu/events/upcoming-events/?civiwp=CiviCRM&q=civicrm/event/info