Thank you for both replies.
I already prepared the paperwork for the initial capital gains on the 20-year investment.
Good to know about the need to just declare but not be taxed on 'just having' investments overseas.
Ok - I'll get on the case, thankful for your advice
Search found 5 matches
- Wed Feb 21, 2024 1:20 am
- Forum: Case Studies/Asking for Advice
- Topic: Declaring financial assest over 50 million
- Replies: 3
- Views: 639
- Tue Feb 20, 2024 11:28 pm
- Forum: Case Studies/Asking for Advice
- Topic: Declaring financial assest over 50 million
- Replies: 3
- Views: 639
Declaring financial assest over 50 million
Racked with guilt over these past few days, I decided to post for advice. UK passport holder and have lived in Japan for 30 years. I have PR and make good use of NISA and iDeco options available to me. I invested offshore for 20 years and that investment (A) made profits which I'm mentally and finan...
- Mon May 29, 2023 1:47 am
- Forum: Taxes
- Topic: Advice sought regarding inheritance tax, UK version
- Replies: 23
- Views: 7396
Re: Advice sought regarding inheritance tax, UK version
Sorry - I didn't check your previous post on my thread asking basically the same questions.
Please get in touch: dougglug@gmail.com
I'd be happy to help.
Please get in touch: dougglug@gmail.com
I'd be happy to help.
- Thu Feb 09, 2023 12:43 pm
- Forum: Taxes
- Topic: My Inheritance experience UK version
- Replies: 10
- Views: 4194
Re: My Inheritance experience UK version
Thx for the reply. Looking through the 7 pages of tax forms it appears the calculation went as follows: 70% of the total value of the estate Minus funeral costs and other 'care' costs Minus 36,000,000 yen (personal deduction) This figure was the one that I thought then would be subject to 40% tax an...
- Wed Feb 08, 2023 1:54 pm
- Forum: Taxes
- Topic: My Inheritance experience UK version
- Replies: 10
- Views: 4194
My Inheritance experience UK version
My mum passed 18 months ago and I can finally share my experience since it has finally concluded. I'm UK born, permanent resident of Japan since 1991. I've saved money and invested overseas for 20+ years but I'll leave that for another post. I received 70% of my mother 's estate - a telephone number...