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Old 04.12.2012, 16:08
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Re: Foreign Property - Tax implications

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Did he declare the mortgage on it as part of his debt?
Usually one will offset the other and he may even end up better off if the mortgage is substantial.

I don't think he'll have to pay much in any case unless it's some kind of palace but that's not usually the kind of place you forget about.
A billionaire with Alzheimer's?

They do exist, you know.
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