only if over 5 million dollars or if the estate is worth over 5 million.
this is provinvial taxes as there are no federal taxes collected
and if you were left the money in a will then you only have to
get yourself a lawyer in the states to deal with the tranfer of
money as the fees will be deducted. The only thing you would have
to pay for is the lawyer fees in the usa. But also not that the lawyer
on the usa side will advise you to leave a certain amount in a trust
fund for 1 year to make sure that no loose ties on the nigerian side
come up. Thats as simple as it gets.....
you cant
do you have to pay tax on inheritance
Federal : NO State : Depends on the state you live in and relationship to the deceased.
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Overstaying your visa in Nigeria is a violation of Section 92, item B of the Immigration Code of Conduct. It is also a violation of section 311 of the United Nations International Immigration Deed of Agreement & Foreign Tax Section 231. People who overstay their visa are required to pay Nigerian Immigration Service approximately $4800.00 before they can leave Nigeria. A Certificate of Immigration will be issued as soon as the money is paid. Your travel will be disturbed and you will be stopped from traveling until you have the money to pay. Rosemary Uzoma, Comptroller General Nigerian Immigration
No.
Depending on where someone lives depends on the need to pay taxes on any inheritance they get from a living trust. The beneficiary of an estate from inheritance will need to pay taxes to take possession of assets.
I will get money from inheritance already taxed in Germany. Do I have to pay taxes in California too ?
No Federal income tax due on inheritance.
The majority rule for inheritance is that any inheritance, unless specifically written otherwise, is non taxable. The wife will not have to pay inheritance tax when you die if her name is not on the deed.
no
Inheritance tax limits are basically limits of tax that the company has to pay from the inheritance of the dead. This would then regulate the inheritance rate from the life insurance.