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My grandfather died in Ireland will my inheritance be taxed by Ireland and USA?

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  • My grandfather died in Ireland will my inheritance be taxed by Ireland and USA?


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Answer #1 | 06/10 2013 13:06
The USA (federal) does not tax inheritance. The USA taxes the estate. Since it's an a US estate, there would be no estate taxes. There are a few states with an inheritance tax.
Positive: 23 %
Answer #2 | 06/10 2013 14:15
I agree with PC. The Irish Government will take out the tax. Your sum will be tax free. The Estate pays it not yourself. UK
Positive: 17 %
Answer #3 | 06/10 2013 14:21
See IRS form 3520. Note, the rules on inherited income are the same. You pay tax if the money has never been taxed before or goes up in value before you get it.
Positive: 10 %
Answer #4 | 06/10 2013 14:21
If he was not a US citizen and died in Ireland his estate will not be subject to US taxes. The US does not tax what you inherit.
Positive: 10 %
Answer #5 | 06/10 2013 14:32
Any tax due on the estate is settled in Ireland.
Positive: 10 %

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