Capital Gains in Tokutei Account

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Tk_working_mom
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Posts: 7
Joined: Wed Feb 05, 2020 12:47 am

Capital Gains in Tokutei Account

Post by Tk_working_mom »

Hi there,
very simple question.
For those who own US stocks and receive dividends from them, I know I need to file Kakutei Shinkoku to get a refund of the 10% tax that is withheld by the US govt.

What about capital gain tax upon the sale of stocks? Does the US govt withhold anything that I subsequently need to claim a refund for via Kakutei Shinkoku? My stocks are held at Tokutei Rakuten account so I assume Japanese govt will have collected the 20% tax on the realized gains I made when I sold some stocks.

Thanks in advance!
TokyoWart
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Joined: Tue Oct 02, 2018 8:39 am
Location: Tokyo

Re: Capital Gains in Tokutei Account

Post by TokyoWart »

What about capital gain tax upon the sale of stocks? Does the US govt withhold anything that I subsequently need to claim a refund for via Kakutei Shinkoku? My stocks are held at Tokutei Rakuten account so I assume Japanese govt will have collected the 20% tax on the realized gains I made when I sold some stocks.
If you hold the US stock in a foreign accound (e.g. in your Nomura or Rakuten account) the US doesn't withhold anything for capital gains. It only does that for dividends.
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