Home Central AsiaAutomotiveAsian wealth rushed into overseas property. The tax hit could be ‘punishing’, Grandtag Asia chief says | Exclusive

Asian wealth rushed into overseas property. The tax hit could be ‘punishing’, Grandtag Asia chief says | Exclusive

by NEWSROOM

Overlooking the need for ready cash is often the biggest mistake wealthy Asian families make in legacy planning, Martin Wong warns.

Wealthy Asian families who bought up overseas real estate decades ago risk a “punishing” inheritance tax bill when passing down those assets, the regional chief executive officer at Grandtag Financial Consultancy says.

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