Key points when foreigners apply for permanent residency in Japan(②): Overseas property inherited from parents living in the home country is also taxable.
Today is the second column about points foreign nationals need to remember when obtaining permanent residence. One specific scenario I will examine is when foreign individuals residing in Japan inherit property from their parents who live overseas. In such cases, it is essential to understand how the Japanese inheritance tax will be applied to the […]
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 […]