Search found 7 matches

by FaiyaaJapan
Wed Jan 17, 2024 3:07 am
Forum: RetireJapan for Dummies
Topic: Sell Rentals Before Tax Residency
Replies: 2
Views: 14164

Re: Sell Rentals Before Tax Residency

Wow! Thank you! I’m going to have to read over your answer a few times as I’m not sure I got it all the first time over. Very much appreciate the detail. To answer your question about why sell, you are correct in that we could keep them and keep renting out until they are paid off etc., but I think ...
by FaiyaaJapan
Mon Jan 15, 2024 11:01 pm
Forum: RetireJapan for Dummies
Topic: Sell Rentals Before Tax Residency
Replies: 2
Views: 14164

Sell Rentals Before Tax Residency

Hello, US citizen with 4 rental properties back in the US. I am currently not a tax resident in Japan, still on a working visa. I am about 2 years into my 5 years. In regards to the rental properties I am thinking about selling them in the next few years as they have appreciated well. My question is...
by FaiyaaJapan
Mon Dec 11, 2023 8:00 am
Forum: RetireJapan for Dummies
Topic: Do I need to fill out the OAR, AAL, both?
Replies: 6
Views: 8405

Re: Do I need to fill out the OAR, AAL, both?

Whoops, yes I did make a mistake. But isn't the amount 100 million? I've been going off of this article here https://www.tytoncapital.com/projects/japans-5-year-rule-overseas-investment-offshore-tax/ which is old so maybe it changed. Either way we do have more than the threshold. That article is ki...
by FaiyaaJapan
Sat Dec 09, 2023 7:03 am
Forum: RetireJapan for Dummies
Topic: Do I need to fill out the OAR, AAL, both?
Replies: 6
Views: 8405

Re: Do I need to fill out the OAR, AAL, both?

Whoops, yes I did make a mistake. But isn't the amount 100 million?

I've been going off of this article here https://www.tytoncapital.com/projects/j ... shore-tax/ which is old so maybe it changed. Either way we do have more than the threshold.
by FaiyaaJapan
Sat Dec 09, 2023 5:32 am
Forum: RetireJapan for Dummies
Topic: Do I need to fill out the OAR, AAL, both?
Replies: 6
Views: 8405

Do I need to fill out the OAR, AAL, both?

I’m trying to figure out if I need to be filling out the Overseas Asset Report, Assets and Liabilities forms, or both. Our details: My wife and I are on work visas. We have been in Japan for approximately 18 months. We do hold assets worth more than 500 million JPY (thanks to the weak yen) overseas,...
by FaiyaaJapan
Fri Nov 10, 2023 6:55 am
Forum: RetireJapan for Dummies
Topic: Permanent Resident Tax Payer Window
Replies: 3
Views: 4507

Re: Permanent Resident Tax Payer Window

Yes, Correct if you broke your Residence, and were not resident or domiciled in Japan during that time. If the number of days in the last 3,652 days (from Today's Date 10 Years ago, including two Leap Years) is less than half of that, less than 1,826 days, then you are still a Non-Permanent Residen...
by FaiyaaJapan
Thu Nov 09, 2023 4:34 am
Forum: RetireJapan for Dummies
Topic: Permanent Resident Tax Payer Window
Replies: 3
Views: 4507

Permanent Resident Tax Payer Window

First time poster with a permanent resident tax qualifying question. I understand that if I lived in Japan for 5 out of the last 10 years, I am a permanent resident for tax purposes. But I'm wanting to confirm is this a sliding window? What I mean is I lived in Japan previously from 2007 and left on...