How much gift tax for EB-5 capital? - EB5Investors.com

How much gift tax for EB-5 capital?

I have a gift amount of $580,000 from my uncle, and I need to use this gift to apply for the EB-5 visa. What are the taxes for this gift, from me and from the uncle who gifted these funds? My lawyer required my uncle to file form 907 for gift tax, and if I owe taxes for this gift, how much will it be?

Answers

Ed Beshara

Ed Beshara

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Answered on

Questions about taxes or gift tax should be addressed to experienced international tax attorneys and/ or U.S. certified public accountants.

Marjan Kasra

Marjan Kasra

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Answered on

There are federal lifetime gift maximums that your uncle may benefit from. You need to speak with a qualified attorney to further evaluate this for you.

Fredrick W Voigtmann

Fredrick W Voigtmann

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Answered on

This is a tax question, so most immigration attorneys are not qualified to advise you on such matters. It does seem, however, that the answer to your question would depend upon the jurisdiction where the gift took place. In the United States, for example, it is the donor (giver) who may be subject to gift taxes, not the donee (recipient). You should check with a qualified tax advisor in the jurisdiction (United States or your home country), where the gift has (or will) take place.

Jinhee Wilde

Jinhee Wilde

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Answered on

The gift tax issue depends on your country''s tax code. You do not pay U.S. taxes on the gift unless your uncle is a U.S. citizen.

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