Australia

The U.S.- Australia Estate Tax Treaty Explained

Posted in Australia, International Estate Planning | Posted on Mar 3, 2020

Australia no longer imposes any estate or inheritance taxes (death duties having been abolished in 1979). The U.S. imposes Federal gift and estate... Read more

What is the U.S. Estate Tax Rate?

Posted in Australia, International Estate Planning | Posted on Feb 28, 2020

For the 2020 tax year, the U.S. Federal Estate Tax threshold is US $11.58 million (up from US $11.4 million in 2019) per... Read more

What are the U.S. Estate Tax Implications for Non-Resident Aliens Holding U.S. Assets?

Posted in Australia, International Estate Planning | Posted on Feb 28, 2020

It is possible for a “non-resident alien” (i.e. a person who does not live in the U.S. and who is not a U.S.... Read more

Restructuring your US operations – Part 2: US corporate reorganization relief

Posted in Australia | Posted on Jan 30, 2020

As with the Income Tax Assessments Acts, the Internal Revenue Code (IRC) provides for tax relief (“nonrecognition”) for corporate reorganizations (under sections 354-368).... Read more

Restructuring your US operations – Part 1: why, and how you would convert an LLC to an Inc.

Posted in Australia | Posted on Jan 30, 2020

Many Australian business owners often fund their initial expansion into the US market through a limited liability corporation or “LLC”. An LLC is... Read more

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