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Denmark | One of our major newspapers has an article about it.
Seems like a curl on Pres. Bush´tax lowerings in 2003 is, that the inheritance tax in 2010, and only in 2010, is 0 (nothing). As of 1 January 2011 the tax on assets above 1 mio. US$ will be 55 % again, as it was in 2001.
The article advises wealthy Americans who have come of age, to look back over their shoulders regularly! Somebody might be interested in seeing them pass away before 1 January.
Is this true?
Out of curiosity I would like to ask: Just how much is the rate of inheritance tax in straight line from parents to their kids and does the same rate apply if parents wish to give away their assets or parts of it, as a present, to the kids while living instead of letting them inherit it?
Jorn | |
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Season for greedy American heirs.
