Legal Jurisdiction

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August 31, 2024 5 min read Definitions
SITUS: Asset Location and Legal Implications
Law Finance Taxation Asset Location Legal Jurisdiction Capital Gains Tax Inheritance Tax International Law
The term 'SITUS' refers to the place in which an asset is held to be located. This location determines the proper law to be applied in identifying the rights and liabilities associated with the asset, including tax implications.
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