Legal Question in Wills and Trusts in California
inheritance ta
I know there is no IHT in Calif. but is inheritance from British relative taxable in U.S.? (10,000 U.K. currency -- sterling).
Asked on 11/14/06, 4:00 pm
1 Answer from Attorneys
Donald Field
Donald L. Field, Jr., Attorney at Law
Re: inheritance ta
if the decedent was domiciled in Great Britain, then no US estate or California inheritance tax would normally be due. however, it may be necessary to report the inheritance to the IRS. see::
http://www.irs.gov/pub/irs-pdf/i3520.pdf
Answered on 11/15/06, 2:19 pm
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
