Search found 15 matches

by thurston1
Thu Feb 21, 2019 9:16 am
Forum: Taxes
Topic: Australians, let’s chip in for a willing and competent Tax Lawyer w
Replies: 51
Views: 24381

Re: Australians, let’s chip in for a willing and competent Tax Lawyer w

Aust I am in the same boat as you (can't find anyone with any idea.) It is impossible to make decisions (such as making voluntary contributions to super, buying stocks such as lic's with fully franked returns etc..)without knowing this information and the correct tax implications. It would be a huge...
by thurston1
Wed Feb 20, 2019 12:24 pm
Forum: Taxes
Topic: Australians, let’s chip in for a willing and competent Tax Lawyer w
Replies: 51
Views: 24381

Re: Australians, let’s chip in for a willing and competent Tax Lawyer w

couldn't agree more AustinJapan. this situation is ever so confusing. I am basically resigned to the fact that I will never work longer than 10 years in Japan. And when I retire I will enter and exit on tourist visas. I think you can do this up to 180 days per year. I am not going to pay ridiculous ...
by thurston1
Wed Feb 20, 2019 6:03 am
Forum: Taxes
Topic: Australians, let’s chip in for a willing and competent Tax Lawyer w
Replies: 51
Views: 24381

Re: Australians, let’s chip in for a willing and competent Tax Lawyer w

This is definitely an idea I would consider. Taking all the tax implications into consideration I am having serious doubts about staying in Japan long term. Not only do you sacrifice a huge amount of income in the first place, you get doubly rolled with the tax implications. When/if I move back I wi...
by thurston1
Wed Feb 20, 2019 12:12 am
Forum: Taxes
Topic: Inheritance Tax
Replies: 6
Views: 1820

Re: Inheritance Tax

Thanks so much for that. This website is extremely useful and has helped me a lot. In regards to inheritance tax, I guess the only thing I can say is (it is definitely not in my best interest to get a spousal visa or stay in Japan longer than 10 years.) If I was to work in Japan as a teacher, is the...
by thurston1
Tue Feb 19, 2019 12:18 pm
Forum: Taxes
Topic: Inheritance Tax
Replies: 6
Views: 1820

Re: Inheritance Tax

Great article, but I'm still a little confused: Are my basic calculations correct? so if the estate was worth 1,800,00 split between 4 people first I would deduct 30million/ ($270,000) then another 6 million divided by 4 ($220,000). this would make the taxable estate $1,310,000 divided by four peopl...
by thurston1
Tue Feb 19, 2019 6:19 am
Forum: Taxes
Topic: Inheritance Tax
Replies: 6
Views: 1820

Inheritance Tax

Hi all, I am a little bit confused about this potential situation: If I was to inherit say 460,000 USD or 51 million yen (the estate was 220 million yen or 1.85 million USD and divided amongst 4 of us, ne being the the only person required to pay tax in Japan. How much would I be taxed in such a sce...
by thurston1
Tue Feb 19, 2019 6:13 am
Forum: General
Topic: Wills in Japan
Replies: 11
Views: 2875

Wills in Japan

Hi all,

Most of my assets are in Australia. My wife on the other hand has cash and stocks in Japan.

Does anyone have any information about the process of making a will in Japan?

Regards!
by thurston1
Fri Feb 15, 2019 10:32 pm
Forum: Pension
Topic: Expat Pension adviser for Australians?
Replies: 26
Views: 10556

Re: Expat Pension adviser for Australians?

Thanks for that reply Aust! My thinking is the same as yours. However, until I get the info confirmed I will keep investigating. Thanks for the link. I haven't tried that one, but will. I am also worried that unless someone specializes in Aussie tax (and basically knows the ins and outs of the tax t...
by thurston1
Fri Feb 15, 2019 12:02 pm
Forum: Stock market investing
Topic: Tax on Fully Franked Dividends
Replies: 25
Views: 5786

Re: Tax on Fully Franked Dividends

Thanks for your reply. It is a big issue for me moving forward. Such dividends are not even required to be submitted to the ATO ion a tax return n Australia (as they are already taxed.) if they are taxed and these are my income stream when I retire I would like to know how much the Japanese governme...
by thurston1
Fri Feb 15, 2019 11:57 am
Forum: Pension
Topic: Expat Pension adviser for Australians?
Replies: 26
Views: 10556

Re: Expat Pension adviser for Australians?

Thanks for the reply! I am not looking for financial advice as I have a system that works for me. I am more just looking for advice on tax as this could effect the system I have created when I eventually settle back into life in Japan. I have contacted SMATs and Shane McFarlane. Both of them could o...