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 salamy2k
Joined: 24 Mar 2008
Posts: 1
1.30 Dollars($)
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 Posted: Mon Mar 24, 2008 8:15 am Post subject: how gift tax does apply for non us residend |
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How IRS rules tax non resident different from US resident?
Also, Will Tn state gift tax apply too?
Please provide me as much details as possible and soon
hank you very much |
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larry
Joined: 27 Jun 2007
Posts: 3328
474.49 Dollars($)
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| Posted: Mon Mar 24, 2008 3:05 pm Post subject: |
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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 |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 1679
Location: New Brunswick, New Jersey
315.05 Dollars($)
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| Posted: Tue Mar 25, 2008 11:25 am Post subject: RE: non resident gift tax |
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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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