A Closer Look at the U.S.-Japan Estate and Gift Tax Treaty

A Closer Look at the U.S.-Japan Estate and Gift Tax Treaty

Tax Law
By Anthony Diosdi Foreign investors generally have the same goal of minimizing their tax liabilities from their U.S. real estate and other U.S. investments, as do their U.S. counterparts, although their objective is complicated by the very fact that they are not domiciled in the U.S. The U.S. has a special estate and gift tax regime that is applicable to foreign investors that are not domiciled in the U.S. This article summarizes the basic concepts of the U.S.-Japan Tax and Estate Tax Treaty also known as the U.S.-Japan Estate and Gift Tax Treaty. An Overview of the Estate and Gift TaxU.S. Federal law imposes a transfer tax upon the privilege of transferring property by gift, bequest or inheritance. During an individual’s lifetime, his transfer tax takes the form of a gift…
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