
US Shareholders beware
Did you know that the United States could impose a 40% estate tax rate on U.S. assets above a $60,000 exemption threshold on assets of the deceased non-residents? Foreign estates become subject to U.S. estate taxation with respect to their U.S.-situated assets. This could apply to your company stock if it’s in a U.S. company, regardless of where the custodian may be situated. This week our Senior Financial Consultant, Deepak Singh, explores what this could mean for you as a Singapore resident, and what you can consider to mitigate your exposure to U.S. estate tax. What exactly is the U.S….