RetireJapan

There is no lifetime limit, it’s an annual limit. So effectively they could receive 1.1 million per year times the number of years you want to give to them (a bit lower actually since inheritance tax will likely come into the picture and gifts within certain number of years of inheritance get recla...

I would like to start making annual cash gifts to my 2 kids - both under 15. I have googled the subject and haven't found much detailed info - maybe that is because the tax agency has left things vague. I understand I can pay a max. of 1.1M Yen to each child in a calendar year without having to pay ...

Tkydon wrote: ↑Tue Feb 06, 2024 7:50 am https://www.nta.go.jp/taxes/shiraberu/s ... df/050.pdf

Thanks.

My understanding is you need to have a buy and a sell in order to trigger a taxable event. Just holding foreign currency won’t trigger it. So say you bought USD and sold JPY. Then later you sold USD back into JPY. The taxable profit would be calculated using the USD/JPY rate that applied to your tw...

On Sony Banks website they make it clear that you have to declare and pay tax on FX gains. Can anyone shed any light on how the tax office here deals with FX gains - what constitutes an FX gain, what triggers the tax, what period is it measured over etc - or point me in the direction of something I ...

Here is the Japanese-language page describing Sony Bank's foreign-currency time deposits, available in the same 12 currencies as for regular fx accounts. You can use yen from your regular account to fund an fx time deposit (minimum of 100,000 yen), or simply use existing foreign-currency deposits t...

Can you do foreign currency Time Deposits at SONY?

I couldn't find any relevant info on their website. Is the account limited to holding foreign currency and FX transactions?

They are not supposed to allow you to be a customer if you can't understand Japanese because it means they are unable to fulfill their obligations to inform you of the risks and compliance issues for having an account. I have accounts at all three of these companies and at least two required teleph...

Tkydon wrote: ↑Thu Sep 21, 2023 6:41 am Probably not. Consider Interactive Brokers Japan.

Thanks. I already opened an IBJ account....just wanted to see if it was possible to open a "local" account or simply impossible/too frustrating to try.

How difficult is it to open an account with these local online brokers - could someone with zero Japanese language skills navigate the account opening procedures using google translate and other online translation tools? For those that have opened more than one account - is one broker's application ...