On November 27, 2020, I posted a separation message in the "Overseas Family" WeChat group:
Song Li, Xu Li, Song Liangliang, and Meng Lei: The pandemic has forced us to stay in the United States for such a long time, which has had a great impact on us. Our financial activities of mortgage loans are gradually coming to a halt, so we are preparing to initiate the process of dividing up family property. What to do at what age, we should put this on the agenda. Each ID card can only purchase $50000 in foreign exchange per year, and we plan to transfer it to your account in three years: by the end of this year, next year, and the first half of the following year. After two years of monetization, the two offices will also be distributed to you, and our housing needs to be arranged in advance. I hope you can cooperate with us to handle this matter and fulfill our wish. Mom and Dad
Considering the special circumstances of our family, we will try to monetize as much as possible, but in order to exchange for US dollars and Australian dollars, there may also be some for requiring Chinese yuan, which is quite complex and the exchange rate keeps changing, so we can only achieve approximate equivalence. For a period of time, it was stipulated that elderly people over 70 years old could not use their mobile phones to transfer foreign exchange to foreign countries on their own, in order to prevent others from using the elderly's mobile phones to launder money for themselves. Later, this ban was lifted, which provided convenience for us to transfer money from home to abroad.
On November 30, 2020, I bought foreign exchange at Bank of China for 50000 US dollars and 71650.06 Australian dollars.
The remittance situation for Song Li and Xu Li is as follows:;
On November 2nd, 62000 Australian dollars were remitted to Song Li & XuLi.
November 2021 sending Songli 65000 Australian dollars
Sentding 5000 Australian dollars to Song Wuyang's account in 2022
Transfer ¥ 200000 to Xu Lei in three installments from May 1st to May 5th, 2022
The remittance situation for Song Liangliang is as follows:
On November 30, 2020, a remittance was made to Song Liangliang, and his account was closed until December 16 when $50000 was returned to my original Bank of China card.
Transfer of ¥ 8000 to Song Liang on February 15, 2024
Transfer of ¥ 12000 to Song Liang on March 8, 2024
On July 2, 2024, transfer ¥ 20000 to Song Liangliang’s account
On July 9th, 2024 transfer ¥ 20000 to Song Liangliang’s account
On July 23, 2023, Zhang Meilan celebrated her 80th birthday and announced the distribution plan for her property: the housing in Xuzhou will be transferred to Song Li; Two offices and the old house in Nantong are distributed to Song Liang.
The procedures for selling the house to Song Li was completed on July 28, 2023. The tax department's tax assessment for the house is ¥ 1093561.76, with a tax rate of 1.5%, and a total tax payment of ¥ 16403.42
My promise to Song Liangliang is that no matter how much the two offices are sold, we will definitely gather ¥ 1 million and distribute it to him. The old house in Nantong is temporarily estimated at ¥ 100000, so that both sides are basically balanced. But if there are any changes in the situation, appropriate adjustments will be made.
The plan cannot keep up with the changes:
On Friday, April 26, 2024, the 18th day of the third lunar month, houses in Nantong will begin renovation. Ending on June 7th, a total of 42 days, expenditure of RMB ¥ 56000
House in Nantong starting to be renovated
Office Room 622 has been rented out since November 2020, with a monthly rent of only ¥ 1000, while the rent for Room 623 is ¥ 1200 per month. By November 2023, it will be three years. I want to increase the rent for Room 622 in order to have an ideal price for sale, but the result is not satisfactory. The tenant terminated the lease and spent approximately ¥ 3000 on advertising fees within the next six months, which were deemed invalid. The landlord was also required to pay ¥ 1200 for property management fees. In a fit of anger, the property was listed for sale, and the price continued to drop. Finally, on July 10, 2024, the transaction was completed for ¥ 250000, resulting in a loss of ¥ 100000 compared to the purchase price. We bought the office room in 2011 and rented it out in 2012. The rent for 11 years was also about 100000 yuan, and we worked for 12 years in vain. The decline in housing prices is unstoppable, and any investment related to real estate will result in losses.
On Oct 1 2024
