pk
Level 15
Level 15

Investors & landlords

@Opus 17 , I have no issue with your gift and all the articulation on this .  As I said , I am not looking at this as a gift --- just as monies to live/ maintain a house in Japan.  You are the expert on gift  aspect of the issue.

 

What I was pointing out that  under California Law and even Mexican law a wife owns half of all marital property  and can actually exercise it at any time --- thus when I transferred  monies to my wife's bank in Mexico  to buy a property it was not a gift -- either joint purchase  or her exercising her right to marital asset.  I was just pointing out that  within the particular banks  rules one can transfer large sums abroad with   really no need for  709  ( of course depending on the actual facts and circumstances ).  The reason I had to do it that way because as a  foreigner, owning property in Mexico  is expensive.  Anyways , I digress . Peach be with you, my friend.

 

pk