how gift tax does apply for non us residend

salamy2k · Joined: 24 Mar 2008 Posts: 1 1.28 Dollars($)

How IRS rules tax non resident different from US resident?
Also, Will Tn state gift tax apply too?
Please provide me as much details as possible and soon
hank you very much

larry · Joined: 27 Jun 2007 Posts: 2942 409.79 Dollars($)

Hi salamy,

Welcome to the forum.

The state of Tennessee allows gift tax. Per donee gift tax exemption here is 12000 dollars.

Are you an US nonresident? A nonresident is subjected to pay gift tax if only located at the time of transfer in the U.S.

You should consult with a tax attorney in your state.

Best of luck,
Larry

sara · Posted: Tue Mar 25, 2008 11:25 am Post subject: RE: non resident gift tax

Hi,

A non-resident has to pay gift tax on transfer of real property located within the US only if he does not qualify for the exemption . This rule applies to property transfer by a non-resident in TN.

Take Care

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