Inheritance tax: short Japanese time limit v long foreign processes

[kuma]

Payment in full of inheritance tax is due within 10 months of the death*.

My understanding is that valuation of estates can really drag in the UK and other jurisdictions, and then release of funds can be another lengthy process. Does anyone have experience of not having a valuation — and funds from the estate — to hand within the Japanese time limit?

This is a hypothetical question; gathering data in case this becomes relevant in the future.

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* Technically, a declaration and payment of inheritance tax is required within ten months from the day following the day when the death of the decedent was notified”.
https://www.nta.go.jp/english/taxes/others/02/15001.htm

[Wales4rugbyWC23]

I would also like to know what happens to the inheritance tax that you pay in your home country on assets. Is there a tax treaty for this double taxation.

[kuma]

I would also like to know what happens to the inheritance tax that you pay in your home country on assets. Is there a tax treaty for this double taxation.

My understanding is that Japan's only double tax treaty that covers inheritance tax is with the US.

However, Japan has a system to credit foreign tax paid to prevent double taxation -- not sure of the details, but useful info on both foreign tax credited and the Japan-US double tax treaty can be found here:
http://japantax.tokyo/souzoku_en.html#: ... 20taxation

[goodandbadjapan]

I would also like to know what happens to the inheritance tax that you pay in your home country on assets. Is there a tax treaty for this double taxation.

In the UK the tax usually comes out of the estate before beneficiaries are paid so you don't actually pay on the money you receive anyway.