Hello guys,
I have been switching my ETFs investments from US listed to Ireland listed in order to pay less withholding tax on dividends and to avoid the US estate tax.
Currently I am using interactive brokers which is a US Online Broker basically.
Could owning Ireland listed ETFs or other non US assets, still make me liable to Estate tax since they are purchased on Interactive Brokers?
Thank you very much for your help !
CK
Estate Tax - Ireland listed ETFs in a US brokerage account
Re: Estate Tax - Ireland listed ETFs in a US brokerage account
Money invested in UCITS ETFs is not subject to USA inheritance taxes. The domicile of the broker does not matter.
Nor is money invested DIRECTLY in US treasuries or in FDIC USA bank accounts subject to them.
But your CASH in the MMF is exposed. Keep it below $60k.
Nor is money invested DIRECTLY in US treasuries or in FDIC USA bank accounts subject to them.
But your CASH in the MMF is exposed. Keep it below $60k.
KISS & STC.
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Re: Estate Tax - Ireland listed ETFs in a US brokerage account
Welcome.
Full details in the wiki: Nonresident alien taxation - Bogleheads
Non-US 'situs' assets are not at risk from US estate tax, so your Ireland domiciled ETFs should be safe from that even if held in a US broker. Your main remaining risk of US estate tax is any cash holding above $60,000 in a US broker. If you keep below this you ought to be fine. A brokerage account is not the place to keep long-term cash anyway.
Full details in the wiki: Nonresident alien taxation - Bogleheads
Re: Estate Tax - Ireland listed ETFs in a US brokerage account
Clear, thank you very much for your replygaleno wrote: ↑Fri Apr 09, 2021 10:58 am Money invested in UCITS ETFs is not subject to USA inheritance taxes. The domicile of the broker does not matter.
Nor is money invested DIRECTLY in US treasuries or in FDIC USA bank accounts subject to them.
But your CASH in the MMF is exposed. Keep it below $60k.
Re: Estate Tax - Ireland listed ETFs in a US brokerage account
Thank you for sharing the link, very clear !TedSwippet wrote: ↑Fri Apr 09, 2021 5:20 pm Welcome.Non-US 'situs' assets are not at risk from US estate tax, so your Ireland domiciled ETFs should be safe from that even if held in a US broker. Your main remaining risk of US estate tax is any cash holding above $60,000 in a US broker. If you keep below this you ought to be fine. A brokerage account is not the place to keep long-term cash anyway.
Full details in the wiki: Nonresident alien taxation - Bogleheads