Who has an Estate and Gift Tax Treaty with the US?
I just noticed a helpful link at the IRS that gives a nice chart detailing which countries have an Estate and Gift Tax Treaty with the US: Estate and Gift Tax Treaties.
United States – Japan Estate, Inheritance & Gift Tax Treaty
My links to this have expired and it always takes me forever to find the treaty, so I’m going to reprint the whole thing here. Hopefully it is accurate: JAPAN ESTATE AND GIFT TAX TREATY UNITED STATES- JAPAN ESTATE, INHERITANCE, AND GIFT TAX TREATY [Signed 4/16/54] ARTICLE I The taxes referred to in the present […]
Estate tax liability for Non-Citizen Non-Residents of America
In this real estate market, some foreign investors may be tempted to buy property in the United States on the cheap. Overall, this may be a good idea, but I wish to caution you about one potential tax trap: When a person who owns property in America dies, and that person is not a citizen […]