mike shermer
Welfare Benefits Officer, Kings Lynn & West Norfolk Borough Council, Kings l
Member since 23rd Jan 2004
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RE: Capital left behind by refugee
Thu 20-Dec-07 12:23 PM |
Having a capital asset is all well and good - but it is only an "asset" if it is realisable - ie, turned into hard cash.
If you client is a refugee then is he not fleeing from a State which is inherently unstable, in which case the questions to be asked are:
1. Is there documentary evidence of ownership? 2. What would be the value of such a property in such a country? 3. Even if there were a buyer in that country, would he be allowed to have the money paid into this country?
For example, a few years ago (10 +) South Africa's Goverment would not permit the export of cash at all, and therefore any property or bank accts you held there were in real terms worthless outside of SA.
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