Kevin A. Pollock, J.D., LL.M. is an attorney and the managing partner at The Pollock Firm LLC. Kevin's practice areas include: Wills Trusts & Estates, Guardianships, Tax Planning, Asset Protection Planning, Corporate and Business Law, Business Succession Planning & Probate Litigation. Kevin Pollock is licensed in NJ, NY, PA and FL. We have offices located near Princeton, New Jersey, and Boca Raton, Florida.
NJ Phone: 609-818-1555 * FL Phone: 561-247-1557
Tuesday, April 28, 2009
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.
2 comments:
Anonymous
said...
I have a estate question for you-if my parents (both non residents-citizens of Japan) have a house in US-CT and want to gift me half the house, is it subject to gift taxes? I am a us citizen.
Yes, gifts are subject to subject to gift taxes. There are several different ways to make the gift though that will either reduce the tax or eliminate it completely by spreading the gift out over a number of years.
2 comments:
I have a estate question for you-if my parents (both non residents-citizens of Japan) have a house in US-CT and want to gift me half the house, is it subject to gift taxes? I am a us citizen.
Yes, gifts are subject to subject to gift taxes. There are several different ways to make the gift though that will either reduce the tax or eliminate it completely by spreading the gift out over a number of years.
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