Search found 12 matches

by needhelp
Tue May 14, 2024 9:59 am
Forum: Pension
Topic: TIAA
Replies: 0
Views: 63

TIAA

Does anyone have any experience in how TIAA pension payments after retirement, or the account as a whole, is taxed in Japan? In some countries it seems you pay for any increase in value of the account, whether the increase is realized or not. The whole point of TIAA is of course to have the tax defe...
by needhelp
Sun May 12, 2024 6:00 pm
Forum: Inheritance/Estates
Topic: Joint accounts
Replies: 2
Views: 111

Joint accounts

Does anybody know how the Japanese govt. taxes joint accounts in foreign banks when one of the parties dies? For example, a joint USA bank account of US husband and Japanese wife, both resident in Japan, and then one or the other dies? Is the whole amount, or perhaps half then suddenly considered an...
by needhelp
Sun May 12, 2024 5:52 pm
Forum: Inheritance/Estates
Topic: Japan Deemed Inheritance Tax on Pensions/Annuities
Replies: 11
Views: 53782

Re: Japan Deemed Inheritance Tax on Pensions/Annuities

Follow up question on this issue: Let's assume Japanese wife pays the tax on the "deemed inheritance" of say a private pension in which she is named as the beneficiary of the foreign husband, who dies before she does. Then she gets a certain amount every month or year from the pension unti...
by needhelp
Thu Apr 25, 2024 7:13 pm
Forum: Inheritance/Estates
Topic: Inheritance tax and re-entry permit
Replies: 11
Views: 654

Re: Inheritance tax and re-entry permit

OK, got it. Thanks. But just for curiosity's sake, how can they find out that a Japanese citizen living abroad for, say, 9 years, and not planning on returning, had an inheritance from, say, a foreign national spouse? Does the GOJ have access to all the bank accounts of all their citizens living abr...
by needhelp
Tue Apr 23, 2024 5:55 pm
Forum: Inheritance/Estates
Topic: what is spousal credit?
Replies: 7
Views: 400

Re: what is spousal credit?

I still don't get it. Does that mean that my wife, my only heir or beneficiary, will not be taxed on any inheritance she gets from me when I die? Because her statutory share is 100 percent? That seems to contradict everything else I ever read on this matter.
by needhelp
Tue Apr 23, 2024 8:49 am
Forum: Inheritance/Estates
Topic: what is spousal credit?
Replies: 7
Views: 400

what is spousal credit?

Sorry for hogging this forum, but I run into one thing after another that makes no sense. Such as the following: Spousal credit. That is, no Japanese inheritance tax will be imposed on amounts that the spouse receives up to the greater of: (1) the spouse's statutory share of the total taxable assets...
by needhelp
Tue Apr 23, 2024 8:33 am
Forum: Inheritance/Estates
Topic: Inheritance tax and re-entry permit
Replies: 11
Views: 654

Re: Inheritance tax and re-entry permit

So if you are right, it is even worse than I thought. The GOJ will try to tax me for ten years, though I am living abroad, and my inheritance will come from somebody else living abroad? That sounds to me as if the Saudi government would say it will behead a Dutch man who smokes a joint in the Nether...
by needhelp
Tue Apr 23, 2024 6:00 am
Forum: Inheritance/Estates
Topic: Inheritance tax and re-entry permit
Replies: 11
Views: 654

Re: Inheritance tax and re-entry permit

OK, thanks, I get it, but I am mainly wondering about the re-entry permit being considered a de facto visa. Even 20 or 30 percent tax will be a lot for me and my family, and if it means "returning" a spousal visa to get out of paying it, I would gladly do so, since we can, if necessary, co...
by needhelp
Mon Apr 22, 2024 4:03 pm
Forum: Inheritance/Estates
Topic: Inheritance tax and re-entry permit
Replies: 11
Views: 654

Re: Inheritance tax and re-entry permit

Thanks, don't know the exact amount yet, it will depend on expenses, etc., but might well be a more than that 3600-man, given today's exchange rate. That is why I worry.
by needhelp
Mon Apr 22, 2024 6:13 am
Forum: Inheritance/Estates
Topic: Is an annuity considered an inheritance?
Replies: 2
Views: 213

Re: Is an annuity considered an inheritance?

Thanks for that link, that is what I feared. I means that I can never return to Japan with my wife, if she is to have any money after I die. Amazing how a government can discriminate so much against its own citizens. After posting I realized that this issue was already largely taken up and explained...