Death, taxes, passports, houses



ORIGINAL POST
Posted by thatsawesome 17 yrs ago
Here's a complicated one. I'm an American. I also am a Canadian but I've never been a resident. My father passed away last month. I need a good international tax man in Hong Kong. I'd like to meet with him/her and talk about my future taxes. I've inherited my father's house (I co-own it with my brother). We'll find out how much is left on the mortgage in the next few weeks (we don't expect there to be much left). My brother and I are coming into a bit of money due to life insurances that'll change our tax brackets. I work in Hong Kong and make under 25,000HKD a month. I'm thinking about renting out Dad's house. My great-aunt who is 99 has a paid-for house in Canada. That property will go to me and my brother when she passes away and we'll probably want to rent that out too. So yeah, pretty complicated stuff and I want to make sure I don't get into any trouble with international taxes. I'd also love opinions of what to do with the life insurance money, especially during this wacky economic crisis. Thanks for the advice!


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COMMENTS
prone_to_wander 17 yrs ago
We talked to Ipac and we have set up a financial plan with them which includes a whole bit on non-resident tax stuff (I am Canadian). You could try them.

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