Search found 11 matches

by steford
Tue Mar 08, 2022 8:38 am
Forum: RetireJapan for Dummies
Topic: Moving to Japan Upon Retirement?
Replies: 7
Views: 1837

Re: Moving to Japan Upon Retirement?

I'm pretty much doing this right now except other than savings I have no other assets in the UK. I'm 51 and moved back here last year. My plan is to buy a house with savings (currently looking), pick up some part-time work (teaching English at unis 2.5 days a week from April), live off that and savi...
by steford
Fri Dec 17, 2021 9:56 am
Forum: Taxes
Topic: Resident/Tax Resident?
Replies: 12
Views: 2495

Re: Resident/Tax Resident?

Amazing. Thanks. My son is a dependent (student) in that sense although as he dropped out of uni once we aren't giving him that much this year. No other children or dependents. All pensions, health etc signed up to. I'd like to get 10 years of pension contributions paid before I turn 65 (currently 5...
by steford
Thu Dec 16, 2021 3:31 pm
Forum: Taxes
Topic: Resident/Tax Resident?
Replies: 12
Views: 2495

Re: Resident/Tax Resident?

Thanks both for the very clear and detailed responses. I've relayed the headlines to my wife who feels more at ease (my son's housemate - back in the UK - has gone down with Covid so she's now also worried about that). Really appreciate your time and effort. I will read in more detail tomorrow and t...
by steford
Thu Dec 16, 2021 7:55 am
Forum: Taxes
Topic: Resident/Tax Resident?
Replies: 12
Views: 2495

Re: Resident/Tax Resident?

For your Residential Status: Immigration Status: You have a Spouse Visa which gives you the right of abode in Japan. Therefore you a Resident (for Immigration Purposes) After a number of years, you would be entitled to apply for Permanent Residency (for Immigration Purposes), and your resident stat...
by steford
Sat Oct 30, 2021 4:17 am
Forum: Taxes
Topic: Resident/Tax Resident?
Replies: 12
Views: 2495

Re: Resident/Tax Resident?

Thanks for that. It may be time then to get this sorted once and for all. Without PAYE via a Japanese employer I assume I need to submit a tax return at some point. I think I saw a UK form that I can submit to my employer - presumably after that they pay me gross and I sort out the tax here. This ma...
by steford
Fri Oct 29, 2021 3:23 am
Forum: Taxes
Topic: Resident/Tax Resident?
Replies: 12
Views: 2495

Resident/Tax Resident?

HI all, I'm sure this has been asked before although I've searched and can't find anything specific. I've also checked all the guides I can find which I either don't fully understand or are US specific. It came up briefly in an old thread of mine on a different topic here https://www.retirejapan.com...
by steford
Wed Mar 17, 2021 1:47 pm
Forum: Real Estate
Topic: Japan tax on sale of UK family home with completion after arriving in Japan?
Replies: 5
Views: 695

Re: Japan tax on sale of UK family home with completion after arriving in Japan?

Yes I've always felt that because the house is in my name only I could, in theory, keep it as such for the bank also. This then raised questions about Japanese gift tax and the like ie some of this money would end up being spent by my wife and half of it is hers anyway. For this reason I felt that t...
by steford
Tue Mar 16, 2021 4:35 pm
Forum: Real Estate
Topic: Japan tax on sale of UK family home with completion after arriving in Japan?
Replies: 5
Views: 695

Re: Japan tax on sale of UK family home with completion after arriving in Japan?

Thanks for the info. Well first things first it certainly has gained in value over £200,000, just over £300,000 actually. With repairs, interest payments, selling fees etc I could probably get it down to nearer £200,000 if not below perhaps. Of course this would be divided by two for the two if us i...
by steford
Tue Mar 16, 2021 1:22 pm
Forum: Real Estate
Topic: Japan tax on sale of UK family home with completion after arriving in Japan?
Replies: 5
Views: 695

Japan tax on sale of UK family home with completion after arriving in Japan?

Hi all, I'm sure I read something on this before and a few friends have mentioned it to my wife but with the current situation my house sale here in the UK is dragging on as is my visa application and this raises a question on tax and timing. As it stands we may be able to get to Japan on 14th April...
by steford
Sun Dec 06, 2020 4:28 pm
Forum: Banking
Topic: UK Joint account or separate savings accounts for transfers to Japan?
Replies: 3
Views: 685

Re: UK Joint account or separate savings accounts for transfers to Japan?

Thanks for that. I intend to keep my earnings separate as I'll carry on doing some remote work for a while (albeit in another joint account). So a joint savings account in the UK with our savings/proceeds from the house sale can essentially be transferred to my wife's (or my) Japanese account even v...