James Holl
Joined: 2/27/2023
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UK citizen gifting property to US citizen & US green card holder
Hello, My parents are UK citizens and want to gift their condo in Florida, USA to my wife and I who live in California and pay US taxes. My wife is a US citizen and I am a green card holder. My parents are wondering what the tax implications will be for them in the UK ? They are aged 68 and 78 and retired with pension income. Thanks