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Gift Tax in USA?

photogal · 2012-05-02 20:09:29

My uncle in America passed away last year and just recently I received a letter from his solicitor to say I was due to receive a check for "roughly" 85k US dollars. Does anyone know how much tax I would have to pay on this?

02-05-2012 8:09pm

#1

photogal

Closed Accounts Posts: 20 ✭

Join Date: February 2010

Posts: 12

My uncle in America passed away last year and just recently I received a letter from his solicitor to say I was due to receive a check for "roughly" 85k US dollars.
Does anyone know how much tax I would have to pay on this?

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Comments

#2 04-05-2012 6:24pm

photogal

Closed Accounts Posts: 20 ✭

Join Date: February 2010

Posts: 12

I should maybe rephrase this question and hopefully get a response,
The 85k USA Dollars is appprox 64k EUR, as a gift from my uncle how much tax will I have to pay on this amount?
Thanks!

0
#3 04-05-2012 9:10pm

nompere

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Join Date: December 2006

Posts: 1647

Depending on the circumstances you might have:

1) a tax liability in the States,

2) a tax liability here,

3) a tax liability in both jurisdictions.

Ask the lawyer dealing with the estate, because it's possible he has already dealt with everything or ask another professional.

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