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!
Capital Gains in Tokutei Account
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Re: Capital Gains in Tokutei Account
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.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.