Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

Cross-border wills and probate in England and Wales: formal validity, execution and international succession

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Practice notes

This Practice Note outlines the core Rules on the formal validity of Wills, determining precisely when a Will can be admitted to probate where a foreign element is present. By contrast, material or essential validity concerns whether the provisions made by the Will accord fully with the law of the jurisdiction that governs succession to the estate. Guidance on identifying which jurisdiction’s succession law applies to an estate appears in the section International succession—basic principles below.

Distinction between movables and immovables

English law recognises a clear legal divide between movable and immovable property. According to English private international law principles, succession to movables is regulated by the law of the domicile (lex domicili), while succession to immovables is governed by the law of the country where the immovable property is situated (lex situs). Accordingly, a firm clear line is drawn between real property and all other forms of property.

From 6 April 2025, the UK introduced a residence-based inheritance tax regime, replacing the longstanding notion of deemed domicile with long-term residence for tax purposes. This reform alters exposure to UK inheritance tax, but still leaves untouched the common law concept of domicile as it applies to succession in practice today...

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Web page updated on 21/05/2026

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