Insights

Covered Gift/Covered Bequest

Since 2008, the US Congress has said that any gifts from a covered expatriate to a US person will be subject to the Internal Revenue Code Section 2801 tax.  This 2801 tax is onerous because it imposes a gift/inheritance tax on the US person of up to 40%.  So, a covered expatriate gifts 1m to

By |2020-04-15T14:48:11+01:00April 15th, 2020|US Tax|0 Comments

Citizenship by Investment-Be wary!

Nowadays, finding another citizenship is easy to buy, here is a typical advertisement for posh, top-end citizenships to low-end ones. This used to be a high-end service for a select few investors, but now it's sold by every Tom, Dick and Harry, and there are not a lot of controls because the sellers are incentivised

By |2020-04-15T14:48:55+01:00March 28th, 2020|Dual Citizenship|0 Comments

Expatriation Statistics

Andrew Mitchell keeps a close eye on all the number of US renunciations per quarter. If you're interested in following these stats, then take a look at Andrew's website below. https://intltax.typepad.com/intltax_blog/number-of-expatriates/

By |2020-04-15T14:54:39+01:00March 19th, 2020|Trending|0 Comments

2020 IRS Inflationary Numbers

The IRS publishes updated inflationary numbers once in a while, and here are the relevant ones that we cover in our website: $171,000 --- Code § 877(a)(2)(A) --- The average annual net income tax that must be imposed for the five taxable years ending before the date of the loss of United States citizenship (or

By |2020-04-15T14:55:21+01:00November 19th, 2019|Uncategorized|0 Comments