Inheritance Tax
 

Anyone solved the riddle of what percentage you pay as a non-citizen but PR?

Re: Inheritance Tax
 

I'd like to know too!!

Re: Inheritance Tax
 

Depends on if your state wants a cut too, and how much is involved, but I read that it could be around 60%...but for most, around 20%

Re: Inheritance Tax
 

0% IF you keep schtumm and keep it in the UK

Re: Inheritance Tax
 

Thats my boy!!!!!

Re: Inheritance Tax
 

if you are a pr. it is the same as if you were a us citizen.
just been through this and did not have to pay tax.

Re: Inheritance Tax
 

married to a citizen?

If your the LPR on the recieving end, there is a difference.

Re: Inheritance Tax
 

I am a pr married to a citizen. I recieved a inheritance from the uk and did not have to pay tax on it.

Re: Inheritance Tax
 

We are talking about inheriting in the US of A.

The IRS discriminates against non-citizens in respect of both inheritance and the sale of one's home. It's just that no one here seems to know the exact details of these extra taxes.

So does anybody know?

Re: Inheritance Tax
 

That depends on the amount of the inheritance and whether or not you paid tax on it in the country where you inherited.

I don't have to pay tax on a German inheritance from last year because it is uinder $100,000 and I have already paid German inheritance tax on the estate.

Re: Inheritance Tax
 

Has anyone looked at the IRS site for an answer? And perhaps their state's tax site for their take on the inheritance?

Re: Inheritance Tax
 

UK and USA have recriprocal agreements on a lot of taxes like capital gains etc. You would only have to pay the difference if there is a different %. IRS has good pub.s on this stuff though

Re: Inheritance Tax
 

the estate tax laws was changed in the last few years, it seems to me that if your US citizen spouse dies it is no different if you are a PR than if you are a citizen.


http://www.dkosopedia.com/wiki/Feder...state_Taxation

Re: Inheritance Tax
 

Go to:

http://www.irs.gov/pub/irs-pdf/i706.pdf --

See chart on page 4

Maximum tax percentage is 46% but that if the inheritance is over 2 million

Note: This amount for tax purposes is after deductions. State tax is no longer deductible but there is a provision on the form for an adjustment of some sort.

Re: Inheritance Tax
 

It is the case when both are GC holders that I would be interested in.

Rete, I muddled through the site yesterday for a few mins, but frankly, like always, they're rather good at playing hide and seek with their informaion.....:blink: