NISA and gift tax

[ChapInTokyo]

The 160,000 million yen tax free inheritance allowance for spouses seems pretty generous to me, ymmv.
https://www.nta.go.jp/taxes/shiraberu/t ... u/4158.htm

[RetireJapan]

The 160,000 million yen tax free inheritance allowance for spouses seems pretty generous to me, ymmv.
https://www.nta.go.jp/taxes/shiraberu/t ... u/4158.htm

Pretty sure that is 160m yen

[Tkydon]

The 160,000 million yen tax free inheritance allowance for spouses seems pretty generous to me, ymmv.
https://www.nta.go.jp/taxes/shiraberu/t ... u/4158.htm

（注） この制度の対象となる財産には、隠蔽または仮装されていた財産は含まれません。

（1） 1億6千万円

（2） 配偶者の法定相続分相当額

The Spouse can receive the Greater of Y160M + the Basic Deduction, or the Spouse's Statutory Share of the Estate + the Spouse's share of the Basic Deduction completely free of Inheritance Tax, no matter how large the Spouse's Statutory Share of the Estate...

https://retirewiki.jp/wiki/Inheritance_tax

[ChapInTokyo]

Thanks Ben and Tkydon! The conversion from Japanese numbers to English always gets me… Anyhow, the free inheritance allowance seems fine to me since the point of the inheritance tax is to keep wealth from becoming concentrated in a privileged class.