gift tax

gift tax
Changes to the rules on inter vivos gift and inheritance tax (Part 1): The revision of "the calendar year taxation system" for gift tax

Weekly magazines often feature articles about changes to inheritance and gift taxation rules, urging readers to take action before new regulations take effect. Starting on January 1, 2024, the Tax Reform Act will impose significant limitations on "the calendar year taxation system" for gift tax, a commonly used measure to lower inheritance tax. On the […]

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gift tax
The scope of taxable properties when you receive ones as gifts from your parents overseas

Seniors worldwide want to support the living and growth of their children and grandchildren as far as circumstances permit. Today, I would like to focus on the following if foreigners living in Japan received a gift of property from their parents who had never set foot in Japan: Is only "property in Japan" (domestic property) […]

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