Site icon Little India: Overseas Indian, NRI, Asian Indian, Indian American

US Levies No Inheritance Tax If Its Citizen Inherits Assets In India From Indian Resident

The US levies an inheritance tax or estate tax at the time of inheritance. However, such tax is leviable only if the transferor is a citizen, resident or a green card holder of the US. In a situation where the US citizen inherits property from a person who is not a US citizen, resident or a green card holder and also the property is not located in the US, it will not levy taxes on such inheritance.

Exit mobile version