Search found 74 matches

by IloveJapan
Thu Oct 31, 2024 2:16 pm
Forum: General
Topic: Being stopped by the police
Replies: 21
Views: 1840

Re: Being stopped by the police

Used to get stopped once every few weeks in the part of Tokyo I used to live in.

One company I worked at, they stopped me sometimes as I neared my company office. I asked my white colleagues if they had been stopped too, and they said “Absolutely not!” Guess they live in a different world.
by IloveJapan
Thu Oct 31, 2024 9:34 am
Forum: Inheritance/Estates
Topic: UK Budget - The devil’s in the details?
Replies: 0
Views: 318

UK Budget - The devil’s in the details?

Hi everyone, I thought you might all be interested in seeing the link below where an expert has detailed changes announced in the UK budget. This is particular given the planned switch from a domicile- to a residency-based tax system. https://www.saffery.com/insights/articles/budget-changes-for-non-...
by IloveJapan
Wed Oct 23, 2024 2:33 pm
Forum: Taxes
Topic: Tax inquiry following remittance?
Replies: 0
Views: 275

Tax inquiry following remittance?

Hello everyone, I have received a large remittance recently (a gift from my mum) which I will be declaring (and paying tax) to the authorities next year. I would like to ask if anyone here has had a tax inquiry sent to them after receiving such a remittance from overseas? If so, what kind of informa...
by IloveJapan
Wed Oct 16, 2024 1:57 pm
Forum: Taxes
Topic: Gift tax return - experiences?
Replies: 4
Views: 328

Re: Gift tax return - experiences?

Tkydon, greatly appreciate your advice and thank you for the links.
However, I will be looking to file them with a tax accountant given the amount of the remittances involved and some other details I plan to discuss with them.
by IloveJapan
Wed Oct 16, 2024 10:13 am
Forum: Taxes
Topic: Gift tax return - experiences?
Replies: 4
Views: 328

Gift tax return - experiences?

Hi guys, Hope you’ve had a nice long weekend. Me and my young son have recently received large remittances (gifts) from my mother in the UK, so next year I will be filing gift tax returns for me and him. I would like to ask you: 1) If you have experience using an accountant to file gift taxes, is th...
by IloveJapan
Mon Jul 08, 2024 9:41 am
Forum: Inheritance/Estates
Topic: Education trust
Replies: 5
Views: 12145

Re: Education trust

Unfortunately, I called SMBC today and they told me that for their education trust, the donor has to live in Japan. So now I have to look again for an institution that accepts the donor living outside Japan
by IloveJapan
Thu Jun 06, 2024 12:40 am
Forum: Inheritance/Estates
Topic: Japan Deemed Inheritance Tax on Pensions/Annuities
Replies: 15
Views: 56979

Re: Japan Deemed Inheritance Tax on Pensions/Annuities

“Japanese pension law specifically excludes survivors' benefits under the National Pension and EPI/mutual-aid-association-type pensions from all forms of taxation. “ Hi, I was wondering if the Japanese 401k (Ideco) would be included in the above categories that are excluded from inheritance tax? In ...
by IloveJapan
Thu May 23, 2024 3:25 pm
Forum: Pension
Topic: Receiving uk pension while living in Japan.
Replies: 18
Views: 3283

Re: Receiving uk pension while living in Japan.

OK, I wonder if I have figured the above discussion out right. Just curious so I’m doing a calculation below. So imagine say sb has 4 million in combined state pensions (the Japanese one, the UK one and the ideco). Then would the following calculation get you the figure that is subject to taxation? ...
by IloveJapan
Thu May 23, 2024 3:03 pm
Forum: Taxes
Topic: Declaring interest earned by savings accounts outside of Japan
Replies: 5
Views: 1275

Re: Declaring interest earned by savings accounts outside of Japan

I think in Japan they would probably be taxed as “occasional income” but please check! The other thing is I’m not sure if people are allowed to hold premium bonds if they live in Japan.
by IloveJapan
Thu May 23, 2024 2:58 pm
Forum: Taxes
Topic: Question about overseas pensions in general
Replies: 0
Views: 768

Question about overseas pensions in general

Hi guys, I remember sb in the forum posting a story about a Japanese woman who inherited her husband’s social security pension from the US, and was surprised when she received a large tax bill. So my understanding is that her case relates to a state pension. I am wondering if the same treatment woul...