Cash out from fund: system to pay taxes?

Tkydon
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Joined: Mon Nov 23, 2020 2:48 am

Re: Cash out from fund: system to pay taxes?

Post by Tkydon »

Banner is Quoted in Units.

You need to know how many units you bought and how much you paid IN YEN per unit, or how much you invested in Yen and divide that you the number of Units purchased to determine the Yen price per Unit.

Then, You need to know how many units you sold and how much you received IN YEN per unit, or how much you received in Yen and divide that you the number of Units sold to determine the Yen price per Unit.

You then take the

(Yen price per Unit Paid - Yen price per Unit received) x No. of Units Sold - any Costs = Capital Gain.

Tax Rate will be 20.315% (15% National Tax and 0.315% Reconstruction Tax payable in April 2024, and 10% Residents' Taxes payable from July 2024 to June 2025)
:
:
This Guide to Japanese Taxes, English and Japanese Tai-Yaku 対訳, is now a little dated:

https://zaik.jp/books/472-4

The Publisher is not planning to publish an update for '23 Tax Season.
outhouse_critic
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Re: Cash out from fund: system to pay taxes?

Post by outhouse_critic »

That is super helpful information, thanks for the taking the time.
Thanks for everyone's input, will get this sorted out. Much appreciated.
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RetireJapan
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Re: Cash out from fund: system to pay taxes?

Post by RetireJapan »

outhouse_critic wrote: Thu Aug 17, 2023 1:19 am Banner Ebisu fund
https://www.bannerassetmanagement.com/o ... come-fund/
A tax-reporting account I would guess.
Thanks, Adamu
Banner should provide you with the information you need to file taxes.

Please report back here with how that goes 😃
English teacher and writer. RetireJapan founder. Avid reader.

eMaxis Slim Shady 8-)
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