Search found 14 matches
- Mon Jun 10, 2024 7:27 am
- Forum: Case Studies/Asking for Advice
- Topic: Private pension plans
- Replies: 2
- Views: 589
Re: Private pension plans
Thanks, but how can one find out what it is classed as?
- Mon Jun 10, 2024 5:34 am
- Forum: Case Studies/Asking for Advice
- Topic: Private pension plans
- Replies: 2
- Views: 589
Private pension plans
Does anybody know how foreign PRIVATE pension plans are taxed in Japan, where I will be a resident? I have contributed some after-tax money to such a plan, which invests in various stock, real-estate, etc. funds. Over the years my investment has approximately doubled in value. I can convert my inves...
TIAA
Does anyone have any experience in how TIAA pension payments after retirement, or the account as a whole, is taxed in Japan? In some countries it seems you pay for any increase in value of the account, whether the increase is realized or not. The whole point of TIAA is of course to have the tax defe...
- Sun May 12, 2024 6:00 pm
- Forum: Inheritance/Estates
- Topic: Joint accounts
- Replies: 2
- Views: 750
Joint accounts
Does anybody know how the Japanese govt. taxes joint accounts in foreign banks when one of the parties dies? For example, a joint USA bank account of US husband and Japanese wife, both resident in Japan, and then one or the other dies? Is the whole amount, or perhaps half then suddenly considered an...
- Sun May 12, 2024 5:52 pm
- Forum: Inheritance/Estates
- Topic: Japan Deemed Inheritance Tax on Pensions/Annuities
- Replies: 15
- Views: 56984
Re: Japan Deemed Inheritance Tax on Pensions/Annuities
Follow up question on this issue: Let's assume Japanese wife pays the tax on the "deemed inheritance" of say a private pension in which she is named as the beneficiary of the foreign husband, who dies before she does. Then she gets a certain amount every month or year from the pension unti...
- Thu Apr 25, 2024 7:13 pm
- Forum: Inheritance/Estates
- Topic: Inheritance tax and re-entry permit
- Replies: 11
- Views: 2324
Re: Inheritance tax and re-entry permit
OK, got it. Thanks. But just for curiosity's sake, how can they find out that a Japanese citizen living abroad for, say, 9 years, and not planning on returning, had an inheritance from, say, a foreign national spouse? Does the GOJ have access to all the bank accounts of all their citizens living abr...
- Tue Apr 23, 2024 5:55 pm
- Forum: Inheritance/Estates
- Topic: what is spousal credit?
- Replies: 7
- Views: 1372
Re: what is spousal credit?
I still don't get it. Does that mean that my wife, my only heir or beneficiary, will not be taxed on any inheritance she gets from me when I die? Because her statutory share is 100 percent? That seems to contradict everything else I ever read on this matter.
- Tue Apr 23, 2024 8:49 am
- Forum: Inheritance/Estates
- Topic: what is spousal credit?
- Replies: 7
- Views: 1372
what is spousal credit?
Sorry for hogging this forum, but I run into one thing after another that makes no sense. Such as the following: Spousal credit. That is, no Japanese inheritance tax will be imposed on amounts that the spouse receives up to the greater of: (1) the spouse's statutory share of the total taxable assets...
- Tue Apr 23, 2024 8:33 am
- Forum: Inheritance/Estates
- Topic: Inheritance tax and re-entry permit
- Replies: 11
- Views: 2324
Re: Inheritance tax and re-entry permit
So if you are right, it is even worse than I thought. The GOJ will try to tax me for ten years, though I am living abroad, and my inheritance will come from somebody else living abroad? That sounds to me as if the Saudi government would say it will behead a Dutch man who smokes a joint in the Nether...
- Tue Apr 23, 2024 6:00 am
- Forum: Inheritance/Estates
- Topic: Inheritance tax and re-entry permit
- Replies: 11
- Views: 2324
Re: Inheritance tax and re-entry permit
OK, thanks, I get it, but I am mainly wondering about the re-entry permit being considered a de facto visa. Even 20 or 30 percent tax will be a lot for me and my family, and if it means "returning" a spousal visa to get out of paying it, I would gladly do so, since we can, if necessary, co...