sharetrader
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  1. #1
    Member
    Join Date
    Sep 2007
    Posts
    400

    Default Purchasing international etfs

    Purchasing global etfs like ones that reflecting the total US market have become complicated after reading material on this. If they are domiciled from the Us market non us residents need to pay US death duties if you hold more than $60000 worth. Looking at the long term this is likely. This rules buying etfs on the asx exchange as they are domiciled to the US. Other exchanges like the uk and Canadian do have these etfs not domiciled from the US. I do not want life with finances to be too complicated. Has anyone solved this problem.
    Also I am looking for a discount broker with low fees to do this. Any suggestions?
    Thanks

  2. #2
    Ignorant. Just ignorant.
    Join Date
    Jan 2005
    Location
    Wrong Side of the Tracks
    Posts
    1,595

    Default

    Try the expat-focussed European banks like Saxo or TD Direct.

  3. #3
    Guru
    Join Date
    Nov 2013
    Posts
    3,025

    Default

    Just hold them in a Trust or company. They wont die in which case the death duty wont apply.

  4. #4
    Member
    Join Date
    Sep 2007
    Posts
    400

    Default

    thanks for that, which is the better of the 2 options, trust or company HS.

  5. #5
    Junior Member
    Join Date
    Feb 2002
    Location
    Tropical "tax haven"
    Posts
    5

    Default

    I'd suggest you look at Interactive Brokers for better rates.
    Note also, with US based ETFs there will be withholding taxes on short term capital gains, but not with UK based ETFs. Most large US ETFs have a clone UK ETF, so look at those.

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