Grosa profile image 60

my UK citizen friend wants to give me a house in US. how much tax will he pay on 500K?


what if I claim the house as a gift from a foreign person? do I need to pay tax? if so, is it less or more tax then what he would have to pay?

 

sort by best latest

Grosa profile image60

Grosa says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

6 years ago
 |  Comment
Greg Cremia profile image59

Greg Cremia says

You can help the HubPages community highlight top quality content by ranking this answer up or down.

6 years ago
 |  Comment