Gifts and inheritances – as well as deceased estates - attract capital gains tax in Australia. and death duties in other countries.
I was thinking about Australian businessman James Packer who inherited the very weighty gift of a multi-billion-dollar estate by his father, the late Kerry Packer when he died on Boxing Day, 2006.
Like other mutable signs this year (Gemini, Virgo, Sagittarius and Pisces) born in 8-18 March, June, September or December, Virgo James is being affected by the Saturn in Virgo-Uranus in Pisces opposition. Unlike other signs, he also has a lot more to lose – billions, in fact.
On Today Tonight, they profiled the progress of his Crown Casino in Macau, and his yet-to-be-finalised City of Dreams Casino opposite. It seems the only thing that is being hammered is his super-sized wallet. Building has paused thanks to the global financial crisis, and China is cracking down on the exit of funds from its banks.
James has natal Jupiter (fun, generosity, enthusiasm) in Leo (love, children, recreation and gambling). He is a generous-spirited man who really puts his heart into his pet projects. While he is not a actual gambler like his famous Sagittarian Dad, he IS gambling on the casino being a huge financial success.
In February, transiting Neptune (illusions, glamour and addictions) opposed his natal Jupiter suggesting there are elements to his massive casino project that he’s not aware of. In mid-April, his natal Jupiter will oppose transiting Jupiter in Aquarius. Jupiter rarely knows when to say no and stop which suggests his exuberance for the project may get him in trouble. He could easily “go for broke”.
Also in February, his natal Pluto (power, obsessions, taboos) conjuncted with transiting Saturn (the stern school principal/cop/grumpy grandfather of the zodiac). It’s likely people behind the scenes were warning him to stop or at least reduce his expansion plans (or were secretly undermining his ability to succeed). As Saturn is retrograde until 19 May, he can ”look forward to” a re-run of this in August when Saturn has retraced its steps.
This month, James is also currently being hammered by transiting Saturn in Virgo conjuncting his natal Sun (a prime time when everyone wags their finger at you disapprovingly), and Uranus in Pisces opposing his ntal Sun (making him incredibly impatient to be independent and blast his own course).
It’s hard enough right now to be a mid-month-born mutable sign, feeling frustrated or disappointed thanks to the lingering Saturn-Uranus opposition effect, but when you’re a famous figure like him with all the world able to see and judge your mistakes, my bet is he cannot WAIT for 2009 to be over.