RetireJapan

That is super helpful information, thanks for the taking the time.
Thanks for everyone's input, will get this sorted out. Much appreciated.

Thanks for that TokyoWart; I only took out a portion from the fund (2 million yen). I'm not sure at all how I can calculate the actual capital gain amount. Any advice? You may only be able to make an accurate estimation. This will be good enough. Look at the overall return on the money you have inv...

Thanks for that TokyoWart; I only took out a portion from the fund (2 million yen). I'm not sure at all how I can calculate the actual capital gain amount. Any advice?

Banner Ebisu fund
https://www.bannerassetmanagement.com/o ... come-fund/
A tax-reporting account I would guess.
Thanks, Adamu

Hi,
I cashed out some money from a fund recently and the money was deposited in my bank account. I'm assuming I need to report this to the government for tax purposes; can anyone help in letting me know how to do this? ie, a form to fill out and when I do it?
Thanks in advance. Cheers!

Many thanks again to you all for your detailed responses and for taking the time to help me with your excellent knowledge.

Hi, Thank you to you all for taking the time to help me on this matter. I have to admit, I’m not a ‘money-guy’ and a lot of what you write here I don’t fully understand, and I may be missing something important. I do know that it’s hard to suggest a ‘correct’ path to follow due to the nature of inve...

The Ebisu fund is not tax-advantaged, so you would owe 20.315% on any capital gains from it. Only relevant, of course, if any gains have been made... There are a number of threads on the forum about similar funds and financial advisors. I wonder if the OP read them or not. I did a search and came u...

It took some searching: Management Fees and Expenses: 2% per annum of the gross asset value of the Fund. https://www.bannerassetmanagement.com/our-funds/banner-ebisu-income-fund/ Thanks for the digging. Dam. So my guy at Banner is getting 2 percent of my fund each year, basically, is that how it wo...

Welcome to the forum! Investing in Japanese tax-advantaged accounts like NISA might be a good idea, as you will save on any capital gains. The Ebisu fund is not tax-advantaged, so you would owe 20.315% on any capital gains from it. I'm not sure of the fees on that fund, but I suspect they are highe...