Offshore Corp for holding assets with brokerage account in US

Status
Not open for further replies.

berbo

New Member
Feb 16, 2020
16
0
36
I am a citizen of Belgium, living in Panama (Central America) and wish to open a brokerage account in the US, however the inheritance tax regulations do not appear favorable (Holdings domiciled in the US are subject to a federal inheritance tax from 18% to 40% on values above USD 60k on market value on the day of the death.).
I therefore consider setting up a UK offshore Corp that would hold the assets. Just wonder if this would be an appropriate solution, or would it cause additional taxes in the UK. Your insights would be appreciated.
 
you really need to speak with a local tax firm. It is complicated with a tax structure as you want it.
 
You can consider life insurance which would cover estimated estate tax instead of paying maintenance of offshore company. Not sure if UK has also estate tax on company shareholders.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

User Menu