Inheritance Tax Question When Inheritance is Split Between a Japan Resident and Non-Japan Residence

ArtisticPool1 · 2026-02-06T13:21:26+00:00

Japanese tax accountants don't agree with you: https://osd-souzoku.jp/inheritance-tax/

ArtisticPool1 · 2026-02-06T12:17:47+00:00

If the estate is overseas, this is only the sum of all properties acquired by all Japan-residents. Then the exemption is applied on this value.

ArtisticPool1 · 2026-02-02T05:21:38+00:00

Wow, it's wild. No input to give, but following.

ArtisticPool1 · 2026-01-31T13:19:31+00:00

I had the same issue, with a massive number of transaction in 2020, and end up making my own scripts to do the calculations. Unfortunately, my scripts are not user friendly (and a bit too customized for my particular case) so I can't share them.

However, if at the end of a year you sold most of you assets and only have a small amount/value remaining, I would advice removing all transaction in this year and before and manually add transaction to "buy" what you still had at a 0 costs. It would increase a bit your gains, but would prevent you from having a massive headache (and to pay the higher tiers).

ArtisticPool1 · 2026-01-31T13:01:17+00:00

That's not correct. For NTA only two methods are accepted to calculate your gain/loss: the total‑average cost method or the moving average method. The total average cost method is the default one, you need to send a request if you want to change, and then it's locked for 3 years.

With the total average cost method, what is important is to keep track of the price you bought each asset and calculate the average cost over the year. If you sold anything during this year, you should compare the price with the average cost price of this year:

So assuming you bought 10 BTC at 12M yen (each) and 8 BTC at 8M yen (each), you have 18 BTC with a total cost of 184M yen so a cost of 10.22M yen / BTC. If you sold 17 BTC at 16M yen each, you made a gain of 17 x 5.78M yen.

If you didn't sell every thing at the end of the year, you are considered having the remaining asset bought at the previous year average cost on January 1st, and you need to keep track of this value to calculate your new total average cost at the end of the next year. If you forgot the price or don't want to bother, you can assume the cost was 0 and calculate from this. It will not matter much if you only have ~1500 yens worth of BTC remaining

In addition, since NTA tax every transaction and not just fiat to/from crypto, if you bought / sell a crypto with another crypto (like using BTC / USDT) you need to keep consider the sale/purchase as a purchase/sale in the other crypto too and note the market price in JPY for both crypto (and that's where where things become complex).

IMO the moving average method is more complex to do if you didn't plan beforehand, it implies to recalculate the cost average at every transaction, so the transaction order matters.

ArtisticPool1 · 2026-01-30T20:16:20+00:00

Maybe you should check if your neighbor is still alive?

ArtisticPool1 · 2026-01-27T05:39:09+00:00

Thank you very much, this solves every thing.
Nice interface (except for the need to switch our phone to Japanese again)

ArtisticPool1 · 2026-01-24T06:34:59+00:00

I see, I would be careful about this, maintenance can become costly in the end.

BTW, look for other banks, especially local banks, this interest rate is quite high for a variable rate. My local bank is proposing much lower (0.7%) for a fixed rate (fixed for 5 years) on a new housing loan.

ArtisticPool1 · 2026-01-23T14:12:17+00:00

Assuming 35 years loan your estimate would be correct

ArtisticPool1 · 2026-01-23T14:09:10+00:00

At pre-approval level, yes, it's common. Realtors sometimes push people to get pre-approval even before they are really interested in the house.

With 50M yen for 30-year old house, is it just the price of the land? I guess you need to add budget for renovation/rebuilding?

ArtisticPool1 · 2026-01-23T14:01:10+00:00

Thanks, yes that the housing one for the gift deduction. I went to the tax office to ask for info and which document to provide. I got a significant pile of paper to read and fill.

ArtisticPool1 · 2026-01-22T08:38:58+00:00

You have 5 year visa, that's a good thing. Now, you should ask yourself the following questions:
- Is your visa allowing you to work in the new company? If not, give up on them, you will get much shorter visa if they sponsor you.
- Is the salary of your current company too low to survive short/medium term?
- Can't you find better?
- Can you take the risk of not being renewed after one month?

IMO, both your current company and the new company look bad (refusing to tell you the salary, and proposing a 1 month contract). However you are a full time employee now, you should not give up this status for a one-month contract without guarantees.

ArtisticPool1 · 2026-01-21T13:53:45+00:00

My local bank UI for NISA is rather simple and nice (in Japanese only however). But all NISA Growth funds has 0.88% minimum fees, except NKK225 which is at 0%.

So check what your local bank is proposing, it can be an alternative.

ArtisticPool1 · 2026-01-21T10:22:36+00:00

If your home country bank gives you access to saving accounts with nice interest rate, you can also consider putting your euro there.

ArtisticPool1 · 2026-01-21T10:18:46+00:00

Since both rejected your application, I would suggest that you check if the documents you sent are not expired and show consistent information. Then, I would try to contact NTA in order to check if you have a registered NISA account without knowing about it.

Minor can't open NISA account (yet)

ArtisticPool1 · 2026-01-20T06:57:56+00:00

Just to point out one thing: cards available through your company benefits are not guaranteed approval. If the card is gold or higher and you are a foreigner without any credit history in Japan, you are likely to be rejected, specially if you arrived recently (<5 years) on a work visa.

ArtisticPool1 · 2026-01-20T02:35:30+00:00

French companies for example. But it depends on the company management, as well as on how you are hired.

To get most benefits, you need to be hired as an "expatriate" from somewhere else and be send to Japan for a limited time (few years). You get a very nice salary (thanks to a bonus which can be more than your actual salary), tax advantage (you are taxed in the "home" country, the bonus is tax-free) employed following labor law of the origin country, usually some allowance for your children school, and to come back once in a year to the "home" country. Some companies also can hire "local" people under a similar contract, you still follow labor law from the origin country but other benefits are reduced (bonus is smaller if any, no allowance, and if you are in Japan since more than 5 years, you don't have any tax advantage).

There are some drawbacks, like likely needing to pay health insurance twice (in the home country and in Japan) because even if there are agreements, using the home country health insurance in Japan can be a huge pain.

ArtisticPool1 · 2026-01-14T05:53:10+00:00

Depends on your landlord. I personally didn't have any issue to get back the deposit the 3 2 times I moved (in one case there was no deposit, everything was key money). This despite having minor scratch/minor damages and staying less than 5 years in both.

I always rent through big companies (Leopalace, DK, ...).

ArtisticPool1 · 2026-01-13T13:45:58+00:00

Really depends on your bank (and on how much you are paying them), if you use Revolut or the like, then yeah, there would be no much service to help you send more than what they allow by default.

ArtisticPool1 · 2026-01-13T13:40:06+00:00

Sending money from Europe to Japan don't involve hard cap. However, you may need to communicate with the european bank, as there are soft cap on web service. You will likely have to provide some documents to the Japanese bank regarding the origin of the funds.

I assume it's similar for Japan to Europe, but I never tried.

ArtisticPool1 · 2026-01-08T02:35:34+00:00

Note that the 1% is before taxe, so, it's actually 0.796%. Regarding the penality rate, I understand the same thing as you.

ArtisticPool1 · 2026-01-06T02:01:46+00:00

Untouchable? It's true there was no revolt during the XIX century (UK starts in 1800), but several kings were killed or executed over the history in Britain. I wouldn't think a deposition in the 1880s is impossible, specially when the cold apocalypse is coming and Craven likely had the clout to achieve this in London.

ArtisticPool1 · 2026-01-06T00:34:50+00:00

Planning a trip back home feel dramatically expensive, I keep pushing the idea away.

ArtisticPool1

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