RetireJapan

Sounds so nice to not be a US Person

(Sorry for three replies in a row)

And if you want the info straight from the horse's mouth then here's the NTA page on this calculation (though it's in Japanese).

https://www.nta.go.jp/taxes/shiraberu/t ... u/1466.htm

When we're talking about the "average share cost" we're talking about the average price you've paid per share over the course of all your investments in that fund. So if you've made multiple investments the running tally would look something like this, but the only important number at the ...

Ah, okay then your understanding does appear to be off a bit. Let's use your numbers for simplicity's sake. You've purchased 200 shares @500 yen a share (assuming no fees) so your average share cost is 500 yen. If today you sold 80 shares @750 yen then your capital gains would look like (750 - 500) ...

In your bullet points are you leaving out some purchases that caused your average share price to jump from 500 to 625? The calculation after that looks right. (750 - 625) x 80 = 10,000 yen in profit which is subject to capital gains taxation. And, what if I start selling my initial investment amount...

You have to think in terms of share value when determining capital gains taxation. You buy 100 shares at 100 yen each, your average share price is 100 yen. Then you buy 100 shares at 110 yen each, your average share price is now 105 yen. Then you sell 50 shares at 120 yen each. We can calculate the ...

My understanding is that you'd need to keep a running average of the value of your USD (or other foreign currency) in JPY terms, and anytime you spend it you'd need to track your gains/losses. For example, You receive 1000 USD as income, exchange rate is 150, your dollars are worth 150 JPY each. Now...

I agree that taking JPY seems like the least hassle. FX gains reporting seems like a ridiculous chore.

I got this message recently as well. Still haven't tried the app ATM so I'll have to wait and see how it goes. It would be nice to remove a card from the wallet.

Is it not set up that way by design to prevent gift tax evasion and all that?