Estate Taxes

U.S. Estate Taxes and the U.S. Vacation Home #212

Legally Speaking

By Gerry NeelyB.A., LL.B. The death of a client who owned a U.S. vacation condominium revealed how punitive are U.S. federal estate taxes for Canadian citizens who are not domiciled in the United States. The condo was purchased for $150,000, several years ago, and valued at $180,000 at the date of death. Title was subject to