How do the super-rich pay back loans that they take out against their assets to unlock cash?

541 views

I’ve seen in a few places that the super-rich can unlock their wealth ‘tax free’ by taking out a loan secured against their shareholdings or other assets, then use the cash from the loan to buy real stuff.

But how do they pay back the loan?

In: 196

15 Answers

Anonymous 0 Comments

They don’t, the assets are taken from the rich and the debt is settled.
Rich got the money without paying taxes, Bank gets the assets

You are viewing 1 out of 15 answers, click here to view all answers.