US stocks invested via LRS can’t be given to NRI
Synopsis Indian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sale proceeds to be
Synopsis Indian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sale proceeds to be repatriated within 180 days.
US stocks held under LRS may face US estate tax upon the investor's death. Indian residents can reduce this exposure by investing through non-US domiciled
vehicles. Lifetime gifting and succession planning can also mitigate these tax complications.
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