I've been doing research on this topic and most of the materials I can find online or in this sub are related to either receiving money from overseas or domestic transfers, so hoping for some help.
My brother is looking to buy a house in Canada and I want to loan/give him about 11m yen. The deal is I don't expect him to pay me back but if he wants to in the future, he can. To protect us from a massive gift tax in case he does want to repay me, I'm thinking of drawing up a loan agreement with no interest rate and no repayment limit (or make it 99 years or whatever).
Please poke holes in this plan and tell me if I'm missing any major considerations!
by poop_in_my_ramen