View the entire Frequently Asked Questions (FAQs)
Apart from the W-8BEN or W-8BEN-E form, do I need to consider anything else regarding US taxation rules?
For the ETFs in your QuietGrowth Portfolio that are domiciled in the US, you might be subjected to the US Estate Taxes. That is, the deceased US non-resident who was not a US citizen might be subjected to US estate taxation with respect to her US-situated assets. However, these US Estate Taxes are applicable only if the US-situated assets exceed certain limit.
Estate tax treaties between the U.S. and other countries often provide more favorable tax treatment to nonresidents by limiting the type of asset considered situated in the U.S. and subject to U.S. estate taxation. Executors for nonresident estates should consult such treaties where applicable. US has an Estate Tax Treaty with Australia and that is a good news for you, if you are an Australian resident.
QuietGrowth does not collect any form from you regarding the US Estate Taxes.
Please note that QuietGrowth does not provide any advice on tax related services. The Internal Revenue Service (IRS) is a US government agency responsible for tax collection and tax law enforcement. If you have queries about US Estate Taxes, you would need to refer to the relevant instructions available in the IRS website, or obtain advice from your tax expert.