Inheriting is becoming nearly as important as working

Re:Inheriting is becoming nearly as important as working by merek on Friday February 28, 2025 @09:48PM (#43215163)

Do you have a link?

If the individual resides in Australia, how do they utilize the $980k sitting in the foreign company?

The company can buy assets in AU, such as a house, and lease it to the individual, but I'm pretty sure the ATO requires they pay the company rent at market rate, which will likely be unaffordable on a reported income of 20K pa.

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Re:Inheriting is becoming nearly as important as working by mrjin on Saturday March 01, 2025 @12:02AM (#43216124)

I remembered I read the article from Australian Financial Review, although I could not find the original link, got a more detailed one instead.

See Page #3. https://australiainstitute.org.au/wp-content/uploads/2020/12...

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