Getting relative in Australia/NZ to 'mind' deposit?

sadie

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All this talk of Eurozone break-up, currency devaluation has us scared.
We have significant savings for a house but have not bought yet.

Would a feasible option be to give/lend a relative in Australia or NZ a significant amount and then get it back when the crisis has passed?

Or would the risk in exchange rate fluctuations be just as risky?
 
Would it not be easier to but a Government bond from one of these countries. I would have imagined that there's a great deal more security in doing something like that.

I'm thinking of speculating on some emerging economy, after all it worked for JP back in the day allegedly. Maybe the South African Rand.
 
All this talk of Eurozone break-up, currency devaluation has us scared.
We have significant savings for a house but have not bought yet.

Would a feasible option be to give/lend a relative in Australia or NZ a significant amount and then get it back when the crisis has passed?

Or would the risk in exchange rate fluctuations be just as risky?

Putting your assets under someone else name is generally not advisable.

Also, yes, you take on huge FX risk.
 
I thought of doing something similar before but gave up on the idea. Would it be possible to transfer a sizeable sum of money to another person and avoid having to pay gift tax? Someone told me that private loans are not subject to gift tax so long as the reciever is paying interest on that loan.
 
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