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Does a resident alien gifting a foreign real estate property to a non-resident qualify for the lifetime gift tax exemption?

I am a resident alien living in the US on a TN work visa and I want to gift foreign real estate property to someone who is neither a resident nor a citizen of the US. Will the gift qualify for the lifetime gift tax exemption?

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1 Reply
PaulaM
Expert Alumni

Does a resident alien gifting a foreign real estate property to a non-resident qualify for the lifetime gift tax exemption?

Maybe - dependent on your residency and domicile considerations. See below for references on the topic.

 

Deloitte

 

IRS International Estate and Gift Tax Examinations - See 4.25.4.2.1 Domicile

 

 

 

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