The more assets you immigrate to the United States, the more you need to plan ahead.

At present, many people in China choose to immigrate to the United States, but after immigrating to the United States, they will face various tax laws, not only income tax, gift tax, but also inheritance tax. Therefore, for American immigrants, it is necessary to do a good job in American tax planning before immigration, so as to ensure that while enjoying the benefits and advantages of American life, it can also effectively and legally reduce unnecessary tax expenditures. First, build life trust.

The establishment of living trust can effectively avoid future inheritance disputes, reduce or postpone American taxes and shorten the processing time in inheritance distribution. If both husband and wife are American citizens, giving gifts to each other is also tax-free. If a person has life insurance in the United States, after his death, life insurance compensation will be included in the insured's estate for taxation, but an irrevocable life insurance trust can be established by combining insurance and trust to save inheritance tax.

Second, establish overseas family trusts.

The establishment of family trust sometimes exists in name only, and even fails to achieve the purpose of wealth planning at all; Therefore, the key point is not whether there is a family trust, but whether there is a good family trust.

Establishing a good overseas family trust can not only achieve the effect of value preservation and isolation, but also make the assets in the trust permanently unaffected by American inheritance tax and gift tax. According to the current laws and tax laws, it means that each generation can save about 40% of the US federal tax at most. But the trust must be established before the family moves to the United States to become a tax resident.

There are many things to pay attention to in establishing a good family trust. American immigrants in Chongqing should consult appropriate professionals from the beginning of considering whether to set up a trust, fully understand the trust, understand their own situation and possible risks, and then determine whether to set up a trust. After deciding to set up a trust, you should also choose a good professional trust company and design a trust structure that really suits you.

Third, the difference between property disposal or not

China immigrants will notice that most of the tax problems are due to immigration, and the change of personal identity will lead to the change of tax identity, and then they will notice the existence of tax planning when making wealth planning. American tax residents need to tax global capital gains. After obtaining a temporary green card, China immigrants may still have to pay 20% federal capital gains tax and state tax on their income in the United States if they sell real estate or stocks outside the United States, even if it is long-term capital gains income.

Therefore, American immigrants should make good tax arrangements before immigration, and they can sell their real estate or stocks and other assets in advance and buy them back after immigration. Or give it to other family members before emigration, which can play a better role. You can't sell your own house for the time being, because you can only sell it if you meet the requirements of your own house after immigration, because individuals who own their own houses can enjoy a tax allowance of $250 thousand or $500 thousand.

Fourth, if you get a green card, avoid becoming a tax resident.

American immigrants must be careful not to become American taxpayers easily. There are three types of taxpayers in the United States: American citizens; China passport holders of US green cards; China passport (China's parents didn't hold American green card) stayed in the United States for more than 65,438+083 days in the last year or for more than 65,438+083 days in the first three years according to the weighted calculation of American tax law. The weighted calculation method of 183 days: the number of days in the United States this year (at least 3 1 day) +65438+ 0.3 of the number of days in the United States last year+65438+0.6 of the number of days in the United States the year before. If the calculation result does not exceed 183 days, it is not regarded as a US tax resident. In order to avoid tax, many people transfer most of their assets outside the United States to their parents or relatives before obtaining a temporary green card, thus achieving the effect of tax avoidance.

Therefore, for American immigrants, the more assets they have, the more they need to plan ahead. If they immigrate blindly and do not consider reasonable tax evasion, the loss will not be half. I hope that the majority of American immigrants will pay attention!