Would I have to pay gift tax?
Posted: Sun Mar 21, 2021 2:59 am
I am sorry, if this has been asked before but I couldn't find a definite answer yet.
I have been living in Japan for 4 years with a general working visa (no PR, not married) and Japan as my only residency.
Now I could receive a gift from my parents in my home country of about 13 million JPY transferred to my bank account in my home country.
Does that trigger Japanese gift tax?
If so, I would rather postpone that gift until I don't live in Japan anymore...
Or is there an exemption for people who have not been here for more than X amount of years?
I have been living in Japan for 4 years with a general working visa (no PR, not married) and Japan as my only residency.
Now I could receive a gift from my parents in my home country of about 13 million JPY transferred to my bank account in my home country.
Does that trigger Japanese gift tax?
If so, I would rather postpone that gift until I don't live in Japan anymore...
Or is there an exemption for people who have not been here for more than X amount of years?