Legal and Tax Implications
On 23 June 2016, a majority of voters – albeit a narrow one – in the United Kingdom decided to have the UK withdrawing from the European Union. This, so far, historically unique event will enter the history books under the name of Brexit. Prior to the withdrawal, negotiations on the terms and shape of future relations between the EU and the United Kingdom will take place. So, it could be interesting so summarize the background and the framework of the withdrawal. Already now, depending on the various exit scenarios, potential tax and legal consequences are emerging for which preparations should be made at an early stage. This text is a work in progress approach to illustrate the relevant issues and possible solutions. Recurring amendments will be added, therefore everyone is encouraged to come back to this page for updates.