Tax implications when living in several countries during (early) retirement
Posted: Fri Oct 01, 2021 4:52 am
As the title says, I am wondering if anyone knows where the taxes would be due if living several months per year in different countries when retiring (hopefully early).
Wife and I both like Japan, but with age we'd like to spend more time in our respective home countries, so we're considering several scenarios.
The assumptions would be:
- No salary, only living off capital gains/dividends (then later the Japanese public pension on top it)
- I would keep my Japan PR status
Plan A) 6 months in Japan (primary residence) / 3 months in my home country / 3 months in my wife's home country
Plan B) 6 months in my home country (primary residence) / 3 months in my wife's home country / 3 months in Japan
Plan C) 4 months in Japan / 4 months in my home country / 4 months my wife's home country
My guess is that with Plan A, I would have to file a tax return in Japan, and with plan B in my home country... Though since I would still have Japanese PR, would I then have to file in both countries (even though there is a 'no-double taxation' treaty in place)?
Now, with Plan C... What happens since it's 1/3 each? Would I need to file in each country for the time of the year I spent there (e.g. if I sell something while living in country A, that is what I declare; same for countries B and C)?
Thanks in advance if anyone knows, or is experiencing something similar.
Wife and I both like Japan, but with age we'd like to spend more time in our respective home countries, so we're considering several scenarios.
The assumptions would be:
- No salary, only living off capital gains/dividends (then later the Japanese public pension on top it)
- I would keep my Japan PR status
Plan A) 6 months in Japan (primary residence) / 3 months in my home country / 3 months in my wife's home country
Plan B) 6 months in my home country (primary residence) / 3 months in my wife's home country / 3 months in Japan
Plan C) 4 months in Japan / 4 months in my home country / 4 months my wife's home country
My guess is that with Plan A, I would have to file a tax return in Japan, and with plan B in my home country... Though since I would still have Japanese PR, would I then have to file in both countries (even though there is a 'no-double taxation' treaty in place)?
Now, with Plan C... What happens since it's 1/3 each? Would I need to file in each country for the time of the year I spent there (e.g. if I sell something while living in country A, that is what I declare; same for countries B and C)?
Thanks in advance if anyone knows, or is experiencing something similar.