Gifting Appreciated Assets to Non-resident Partners

Gifting Appreciated Assets to Non-resident Partners

Thun Research recognizes there are numerous partners who’re maybe not heterosexual and/or heteronormative; nevertheless, in this essay, we now have opted for to make use of terminology that is heterosexual because the husband/wife, she/her and he/him pairings permit discrete differentiation in describing a number of the more complex technical ideas.

Effective gifting of assets is a long-lasting property preparation technique for numerous high net worth American families, if they reside abroad or otherwise not. These challenges often pale in comparison to those of expat or mixed-nationality families that live abroad: not only must they contend with the U.S. Rules concerning gifts, but they must also take into account the rules of their country of residence while these strategies can pose problems from the perspective of current tax planning for families who are solely tax residents of the United States. Inspite of the complexities facing mixed-nationality couples (where one partner is really a U.S. Income tax resident while the other is really a non-U.S. Individual a/k/a alien” that is“non-resident U.S. Tax purposes), inter-spousal gifting can, beneath the right circumstances, end up being an intriguingly effective manner of handling both property planning and current taxation issues – an approach that will certainly turn challenge into opportunity. Read More