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Topic: US tax on inheritance from non-inheritance tax country?  (Read 1054 times)

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US tax on inheritance from non-inheritance tax country?
« on: October 28, 2006, 07:17:04 PM »
A friend of mine has inherited some money from a relative in a country that does not levy any inheritance tax. He is wondering whether he will have to pay inheritance tax in the US. (He is a dual citizen of both countries.)

Thanks to anyone who could point him in the right direction.
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Re: US tax on inheritance from non-inheritance tax country?
« Reply #1 on: October 29, 2006, 04:53:00 PM »
As a US citizen there is normally no US tax on inheriting money.  However it may be necessary to file a special US tax return reporting the foreign inheritance.  This special tax return is due by April 15.
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Re: US tax on inheritance from non-inheritance tax country?
« Reply #2 on: November 01, 2006, 06:57:10 PM »
Thanks!

Is the return you refer to form 706?
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Re: US tax on inheritance from non-inheritance tax country?
« Reply #3 on: November 02, 2006, 01:06:10 PM »
No, Form 3520.
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Liz Z i t z o w, EA
British American Tax

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