RetireJapan

I've asked for priced investments like stocks, and the inheritor gets the stepped up basis. While I'm not sure about real estate, it would surprise me if it was treated differently than that. HI, just re-reading your comment. Unfortunately, it does seem that real estate is taxed based on the origin...

Thank you for the information. Do you happen to know the answer to the second question? "2) Also what is considered the cost basis of the real estate when it is sold and capital gains taxes are calculated? HOPEFULLY NOT THE ORIGINAL PURCHASE PRICE almost 60 years ago." My understanding is ...

I also learned this last month . Incredibly generous way to handle it on the part of the tax office here :mrgreen: https://www.retirejapan.com/blog/overseas-inheritances-in-japan/ I just read your new blog post now - previously I had visited the forum to see if anyone else had posted the info, did ...

30 million yen + 6 million yen times the number of legal heirs). So for two heirs that would be ¥42 million deduction? That seems right. But that figure is just based on what is stated in English by the government so I'll leave the details up to you. (I'm not an accountant or tax expert.) What they...

I recently provided this information when answering a very old question on the forum, so this is kind of a double post, but I personally would have GREATLY benefited from it, so thought it was worthwhile to create a fresh topic. This is related only to inheritance of overseas assets, and how taxes a...

If I was to inherit say 460,000 USD or 51 million yen (the estate was 220 million yen or 1.85 million USD and divided amongst 4 of us, ne being the the only person required to pay tax in Japan. How much would I be taxed in such a scenario? Is there any ways I could reduce the amount of tax such as ...

I did it within the past couple of weeks and it was still 800 yen.

The thread mentioned by captainspoke is good for details.

Transferring from SMBC/Prestia is 800 yen. You have to go in person to transfer. I use the Otemachi branch but it seems likely you can use others.

However, having an IB account is very nice for 800 yen transfers of money and very cheap currency exchange. I’m not sure if TDA has such a quick and easy way to get money from Japan to your account. You might consider having an account at both to get the best of both worlds. Thanks for the info, I ...

TD Ameritrade is an option. I opened an account with them as a US citizen in Japan with no US address. However, as mentioned, Schwab bought them so who knows what the future holds? Might want to move fast so you increaes your chances of being grandfathered in. TD Ameritrade’s phone reps for initial ...