Publications

May 1, 2017

Resident of the United States?

Non-US persons are investing in the US in unprecedented numbers.  Unfortunately, assets are often unnecessarily subject to up to 40 per cent US transfer tax (including gift, estate and generation-skipping transfer taxes) above the very low exemption thresholds.  Perhaps even worse, if the investor becomes a US person, they can unknowingly be subjected to US transfer tax and income tax on their worldwide assets.  One way that may avoid unnecessary tax exposure is to purchase a non-US investment product, such as an off-shore annuity.

http://www.step.org/journal/step-journal-may-2017-full-issue/resident-united-states
 

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