Cyprus Property Trust
Owners of Cyprus immovable property with a title deed can place the property in trust. A property placed into a trust enables an individual to pass assets to beneficiaries without the need for a Will. A trust can be used to pass assets to a spouse, children and future generations.
Placing a Cyprus immovable property in trust enables the owner to protect the property for future generations without the worry or complication associated with probate in Cyprus.
For UK domiciled individuals specific UK tax regulations apply requiring them to register the trust with the UK tax authorities. Assets placed into a Cyprus Trust do not always make them free of UK Inheritance Tax.