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Author: fleg9bo Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Cash transfer overseas tax-free? Date: 5/21/2010 7:08 PM
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One thing I like to do is daydream about us moving our retired butts to more exotic locales. One of those places is Australia. If you want to go live there in retirement, they will welcome you with open arms as long as you bring a large infusion of cash. How large? On the order of $400k, which you must invest in the government of the state in which you want to live. It's the Australian equivalent of buying a government bond--you get regular interest payments and you get your money back when it matures.

Which leads to the question, is there any kind of tax on money you take out of the country for such a purchase? I recall somebody mentioning such a thing on this board a while back but I don't remember the circumstances.

--fleg
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