Gift & Estate Taxes

    While estate taxes are filed with and payable to the US Internal Revenue Service's center in Philadelphia, certain exceptions serve to provide special benefits to persons born or naturalized in the USVI who reside in the USVI at the time a gift is made or at the time of death. For estate and gift tax purposes, these people are deemed to be non-citizens not resident in the United States. Therefore, only the part of their estate or gift that is situated in the 50 states and Washington, DC, (after appropriate exclusions) is subject to tax.

And no USVI tax is imposed on such inheritances and gifts.