How does the U.S.-UK estate tax treaty help British LLC owners with U.S. property?
I'm a British citizen living in London and I own a U.S. LLC that holds two rental properties in Florida worth about $2 million combined. My worldwide estate is worth approximately $8 million. I know the U.S.-UK estate tax treaty exists, but how exactly does it help me? Can it eliminate my estate tax entirely? What do I need to do to take advantage of it?
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