Re: Cash out from fund: system to pay taxes?
Posted: Thu Aug 17, 2023 12:26 pm
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)
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)
