Download this free guide that looks at effective estate planning for holders of US company shares.
This in-depth guide includes:
You are currently liable for US Estate Tax on death, regardless of whether you reside within or outside of the United States.
You are liable to 40% US estate tax on those shareholdings.
Over and above the 60,000 USD tax-free allowance threshold, a tax charge will apply to the value of 40% of the shareholding – meaning that essentially your beneficiaries will receive significantly less than you had probably intended.
Investors that have assets based in a different jurisdiction to where they are resident or domiciled can sometimes be unaware of the potential tax consequences of doing so. This could include exposure to inheritance and estate taxes as well as probate requirements in the jurisdiction where those assets are situated. One such country is the United States.
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If you decide that a transfer is right for you, Hoxton Capital will arrange all the required paperwork to facilitate the transfer and set up the pension you wish to transfer into. Once the transfer is complete, we will then provide advice on how to best manage your assets within the new pension, in line with your preferred strategy, and help you meet your goals.
All the things you need to know
This guide was created by our US-qualified global advisers. With close to 4,000 expatriate and cross-border investor clients, we understand the pains of having assets split all over the world and have vast experience in advising clients in this scenario. We have put together this easy-to-follow guide to help and inform those who have estate tax planning queries and in relation to their US company share holdings.
This guide was last updated in November 2022.