Inheritance And Donations. EU Ruling Clarifies The Situation.

Inheritance and donations.

A European ruling, effective in all Member States, will regulate cross-border inheritances.

Cross-border inheritance was a controversial subject in Italy until the application of EU regulation number 650/2012 of the 4th July 2012.

However, although this came into being around four years ago, it was not applied until 17 August 2015.

In fact, as per the express requirements of article 83, it only applied to inheritance from then onwards.

The ruling has brought a change in the landscape, plugging gaps and above all creating the "Certificato Successorio Europeo" (The European Certificate of Succession), which can be used in a Member State where an heir needs to assert their status.