U.S. Tax Services

Rumored Repeal of U.S. Estate Tax

The upcoming Donald J Trump administration and Republican lawmakers will push for corporate and individual tax reforms with the repeal of the current U.S. estate tax regime also on the agenda.


There is uncertainty as to when and how extensive the U.S. tax reforms will be, but the new plan prefers to repeal the present estate taxation and replace it with a tax on the decedent’s capital gains on assets held until death, if gains are above $10 million.


Canadian taxpayers who previously might have been exposed to U.S. estate taxation may find the proposed death tax beneficial. Please stay tuned.


For more information on this or other programs please contact one of our U.S. Tax Professionals.

 

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