Foreign Non-Grantor Trust

Foreign Non-Grantor Trust

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Foreign Non-Grantor Trust

Foreign Non-Grantor Trust definition:  Special taxes are applied to distributions from a foreign non-grantor trust to a U.S. beneficiary. The current year income and appreciation are taxed, as well as amounts accumulated over time are taxed a special “throwback tax” and interest charge for the number of years of accumulation off-shore.  The remaining amount in the foreign non-grantor trust is not-subject to U.S. income taxes.

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