Home | Blog | Non-Domiciled Alien Estate Taxes in the US: US assets

Non-Domiciled Alien Estate Taxes in the US: US assets

Many people have assets in the US, but if you are not a US citizen or tax resident (domiciled) of the US assetsUnited States you will want to understand how your US assets will be taxed once you pass away.

Under the current law, “non-domiciled aliens” who own or have an interest in US situated assets valued at more than $60,000 USD may be subject to US Federal Estate taxes.  US situated assets include US real estate, personal property such as cars, works of art, jewellery, securities of US companies and US pension plans, e.g. 401K plans.

Various countries (such as the United Kingdom) have entered into treaties with the US that may impact the taxation of certain assets. The citizenship and domicile of a non-US citizen must be considered on a case by case basis to understand estate taxes both in the US and the non-domiciled person’s home country.

Determining whether a non-US citizen is domiciled in the United States is a complicated analysis and is not the same determination used to establish if a non-citizen is a “resident” in the United States for income tax purposes.

Please contact our team if you have any questions.

Here to Help

Here to Help

Contact one of our specialists

London
USTAXFS
3 Harbour Exchange Square
London E14 9GE
United Kingdom

T: +44 20 7357 8220

F: +44 20 7357 8225

Email Us

Zurich
USTAXFS
Brandschenkestrasse 20
CH-8001 Zurich
Switzerland

T: +41 44 387 8070

F: +41 44 387 8079

Email Us

Geneva
USTAXFS
Rue de-Candolle 19
CH 1205
Geneva
Switzerland

T: +41 22 700 2500

F: +41 22 700 2526

Email Us

Middle East, Asia and the Americas
US Tax & Financial Services GmbH
Löwenstrasse 28
PO Box 1367
CH-8021 Zurich
Switzerland

T: +41 44 387 8070

F: +41 44 387 8079

Email Us

Nordics
USTAXFS / MAJATTORNEY
Norra Skeppsbron 5B
SE 803 10, GAVLE
Sweden

T: +46 26 18 82 22

M: +46 70 61 88 016

Email Us

Read Services in :EnglishFrenchItalianGerman