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Offshore Corp for holding assets with brokerage account in US

berbo

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Feb 16, 2020
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I am a citizen of Belgium, living in Panama (Central America) and wish to open a brokerage account in the US, however the inheritance tax regulations do not appear favorable (Holdings domiciled in the US are subject to a federal inheritance tax from 18% to 40% on values above USD 60k on market value on the day of the death.).
I therefore consider setting up a UK offshore Corp that would hold the assets. Just wonder if this would be an appropriate solution, or would it cause additional taxes in the UK. Your insights would be appreciated.
 
You can consider life insurance which would cover estimated estate tax instead of paying maintenance of offshore company. Not sure if UK has also estate tax on company shareholders.
 
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