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Inheritance Tax

Inheritance Tax

Old Feb 12th 2007, 11:43 pm
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Default Inheritance Tax

Anyone solved the riddle of what percentage you pay as a non-citizen but PR?
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Old Feb 13th 2007, 1:53 am
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Default Re: Inheritance Tax

Originally Posted by TouristTrap View Post
Anyone solved the riddle of what percentage you pay as a non-citizen but PR?
I'd like to know too!!
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Old Feb 13th 2007, 2:15 am
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Default 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%
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Old Feb 13th 2007, 2:27 am
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Default Re: Inheritance Tax

Originally Posted by TouristTrap View Post
Anyone solved the riddle of what percentage you pay as a non-citizen but PR?
0% IF you keep schtumm and keep it in the UK
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Old Feb 13th 2007, 3:42 am
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Default Re: Inheritance Tax

Originally Posted by Rushman View Post
0% IF you keep schtumm and keep it in the UK
Thats my boy!!!!!
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Old Feb 13th 2007, 12:56 pm
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Default Re: Inheritance Tax

Originally Posted by TouristTrap View Post
Anyone solved the riddle of what percentage you pay as a non-citizen but PR?
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.
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Old Feb 13th 2007, 1:26 pm
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Default Re: Inheritance Tax

Originally Posted by candy wy. View Post
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.
married to a citizen?

If your the LPR on the recieving end, there is a difference.
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Old Feb 13th 2007, 1:39 pm
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Default Re: Inheritance Tax

Originally Posted by Bob View Post
married to a citizen?

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

I am a pr married to a citizen. I recieved a inheritance from the uk and did not have to pay tax on it.
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Old Feb 13th 2007, 1:50 pm
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Default Re: Inheritance Tax

Originally Posted by candy wy. View Post
I am a pr married to a citizen. I recieved a inheritance from the uk and did not have to pay tax on it.
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?
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Old Feb 13th 2007, 1:55 pm
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Default Re: Inheritance Tax

Originally Posted by candy wy. View Post
I am a pr married to a citizen. I recieved a inheritance from the uk and did not have to pay tax on it.

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.
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Old Feb 13th 2007, 1:56 pm
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Default Re: Inheritance Tax

Originally Posted by Elvira View Post
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?
Has anyone looked at the IRS site for an answer? And perhaps their state's tax site for their take on the inheritance?
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Old Feb 13th 2007, 2:00 pm
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Default Re: Inheritance Tax

Originally Posted by candy wy. View Post
I am a pr married to a citizen. I recieved a inheritance from the uk and did not have to pay tax on it.
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
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Old Feb 13th 2007, 2:02 pm
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Default Re: Inheritance Tax

Originally Posted by Elvira View Post
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?
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
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Old Feb 13th 2007, 2:06 pm
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Default 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.
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Old Feb 13th 2007, 2:08 pm
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Default 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.....
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