Form 706-NA

Form 706-NA: United States Estate Tax Return for Non-Residents

Assisting UK Executors and Solicitors with US Estate Tax Filings

When a UK-domiciled individual passes away owning US-based assets, their estate may become subject to United States Federal Estate Tax. To comply with US tax laws, the executor or personal representative may be required to file IRS Form 706-NA, the United States Estate (and Generation-Skipping Transfer) Tax Return for Non-Residents.

At Share Data Ltd, we assist UK solicitors, executors, and estate administrators in navigating this complex process. Our expertise ensures that Form 706-NA is accurately prepared, submitted on time, and fully compliant with IRS requirements, helping you to mitigate risks of penalties, delays, or disputes with US tax authorities.

What is Form 706-NA?

Form 706-NA is a tax form required by the Internal Revenue Service (IRS) to report the value of US-situated assets held by non-US citizens at the time of death. The form determines whether US Federal Estate Tax is due on those assets.

Examples of US assets that may trigger a Form 706-NA filing include:

US stocks, shares and dividends

Tangible personal property situated in the US

Real estate property located in the United States

Certain investments in US-based funds

Who Needs to File?

An executor, administrator, or personal representative of a UK-domiciled deceased person must file Form 706-NA if:

The deceased owned US assets with a combined value exceeding $60,000 (USD) at the time of death.

Or, the deceased’s US assets are otherwise subject to estate taxation under US law.

Failure to comply can lead to penalties and interest imposed by the IRS, cause delays in the distribution or transfer of US assets, and create legal and tax complications for the beneficiaries.

How Share Data Ltd Can Help

Specialist Preparation of Form 706-NA

We work with UK legal representatives to gather the required information, calculate tax liabilities, and ensure the form is completed and submitted correctly.

Valuation of US Holdings

We provide probate and tax valuations for US shares and other relevant financial assets, fully compliant with HMRC and IRS standards.

Cross-Border Expertise

We coordinate with US-based professionals and tax authorities to resolve any issues that may arise during the filing process.

End-to-End Support

From valuation to form preparation and submission, we provide comprehensive assistance tailored to UK estates with US connections.

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