Transactions involving overseas assets are subject to the influence of numerous tax rules and regulations. There was a time when overseas assets were not subject to inheritance tax, but the tax laws have been amended to include taxation of foreign assets, resulting in cases where declarations are required. Specific examples include income tax from selling overseas assets, inheritance tax when foreign assets are included in an estate, and gift tax when giving foreign assets.
Within the context of the international trend towards taxation, the field of asset taxes has seen increased scrutiny. The identification and taxation of overseas assets have become more prominent, with tax authorities intensifying their monitoring of cases involving overseas assets and residents. Consequently, tax audits are becoming more common.
The rules regarding international asset taxes are diverse and require consideration of international legal frameworks. As experts, we understand the challenges related to your asset taxes in the international context and provide solutions.
Companies that may benefit from our services
- Individuals who own foreign stocks or real estate.
- Individuals who require asset valuation for their overseas assets.
- Individuals considering relocation or acquiring international assets.
- Individuals who need to consider inheritance and asset preservation from an international perspective.
- Individuals in need of specialized support in international taxation.