USA - tax dept reporting ...

[GTM 3442]

I think that Snoopy has covered this before, but I think it bears repeating - if you hold US assets directly, you should be aware that the little b*ggers have an estate tax. . .

Terry Baucher writing for interest.co.nz

https://www.interest.co.nz/personal-...rk-interesting


The US IRS

https://www.irs.gov/businesses/small...-united-states

Ireland
There are quite a few US ETFs which also operate a "mirror" version domiciled in Ireland, denominated in US dollars. Handy.

[SBQ]

I think that Snoopy has covered this before, but I think it bears repeating - if you hold US assets directly, you should be aware that the little b*ggers have an estate tax. . .

Terry Baucher writing for interest.co.nz

https://www.interest.co.nz/personal-...rk-interesting


The US IRS

https://www.irs.gov/businesses/small...-united-states

Ireland
There are quite a few US ETFs which also operate a "mirror" version domiciled in Ireland, denominated in US dollars. Handy.

Fully aware of the US estate tax on non-residents. One must be more clever and the best way is to hold the account in joint 'with right of survivorship'. I can't imagine any sole individual having an account abroad that is NOT held in joint status. Even better is to hold it in trust name. There are no restrictions removing or adding to the joint account holder and this can be done until the time comes when the person really wants to sell up and move the funds home.


W8BEN has a validity of 3 years but the renewal has to be done within. Typically after 2 years the broker asks to renew the W8BEN and it must be filed BEFORE the 3 years is up.

The $60K USD threshold before non-resident estate tax kicks in would be similar to NZ's FIF tax limit of $50K NZD. Such small figures in the realm of retirement investing.