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

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

Tax Treaty
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. Sometimes, with proper planning, foreign investors can avoid U.S. estate and gift taxes. This article discusses the special provisions of the U.S.- United Kingdom or (“U.K.”) estate and gift tax treaty foreign investors should consider when planning to avoid or mitigate U.S. estate and gift taxes.An Overview of the Estate and Gift TaxU.S. Federal law imposes a transfer tax upon the…
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