Search found 5 matches

by Manifesto7
Thu Jan 12, 2023 11:01 pm
Forum: Taxes
Topic: My Inheritance Tax Experience
Replies: 10
Views: 4772

Re: My Inheritance Tax Experience

Condolences for your loss. Exemptions on my share are a 30,000,000 personal exemption and 6,000,000 exemption from my mother's name being on the will. My share was over this amount so I needed to pay inheritance tax on the overage. I originally went to my local tax office for advice, but being in t...
by Manifesto7
Thu Jan 12, 2023 6:26 am
Forum: Taxes
Topic: My Inheritance Tax Experience
Replies: 10
Views: 4772

Re: My Inheritance Tax Experience

And, now that you are here, maybe you can answer a simple question for me that probably doesn't need its own thread. My assets in Canada are now over 50,000,000 yen, so I think I need to file a "statement of overseas assets". The thing is, other than this inheritance tax I've never filed a...
by Manifesto7
Thu Jan 12, 2023 6:23 am
Forum: Taxes
Topic: My Inheritance Tax Experience
Replies: 10
Views: 4772

My Inheritance Tax Experience

Hi RetireJapan, I have found a lot of value in the forum but haven't been able to contribute much of anything. However, I recently completely a relatively simple inheritance tax return, and I feel like my situation might be common for readers here. For those coming home from the local tax office wit...
by Manifesto7
Sat Apr 23, 2022 12:10 am
Forum: RetireJapan for Dummies
Topic: Inheritance Question
Replies: 4
Views: 615

Re: Inheritance Question

Thanks for the help. I am not sure that I will cross the 50M threshold, it depends on how hot the market stays. When it comes to property, which again, will be sold once the will gets through probate, do you think I am paying tax on the assessed value or the sale price? I am a little unclear of the ...
by Manifesto7
Fri Apr 22, 2022 6:30 am
Forum: RetireJapan for Dummies
Topic: Inheritance Question
Replies: 4
Views: 615

Inheritance Question

Hello RetireJapan, I'd like some quick advice about an inheritance situation I find myself in. I've read the two articles on the site, as well as some of the JapanFinance subreddit, but I am not confident I have the full picture. Additional resources or past experiences are greatly appreciated! I'm ...