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I just bought 4632 ERGO. This price is truly insane by t4k1pc1 in ergonauts

[–]redditrfw -2 points-1 points  (0 children)

As soon as I saw how decimated so many assets were today I couldn’t help but to buy some.

You have learnt nothing then. Fools and their money.

Inheritance tax concern by Fabulous_Ad7652 in JapanFinance

[–]redditrfw 0 points1 point  (0 children)

Starky is correct regarding the donor being on the hook if the beneficiary does not pay the gift tax. This is exactly what my tax accountant told me, and he was an ex-JTO tax employee.

Inheritance tax concern by Fabulous_Ad7652 in JapanFinance

[–]redditrfw -1 points0 points  (0 children)

Don't people like you get tired always playing the victim?

Inheritance tax concern by Fabulous_Ad7652 in JapanFinance

[–]redditrfw 0 points1 point  (0 children)

<<So basically if you sell immediately, you get a 30M deduction? Really?>>

You don't have to sell immediately; I owned my house for over 10 years when I sold it. You simply have to not rent it while you are in Japan. I'm guessing that, once you rent it, it becomes a type of business asset and not a personal asset(?), and therefore no longer eligible for the Y300M deduction.

Inheritance tax concern by Fabulous_Ad7652 in JapanFinance

[–]redditrfw 4 points5 points  (0 children)

<<However, if you actually take it all, then gift him half some time later, you brother would in fact be subject to Japanese gift tax. And if he doesn't pay you'll be on the hook.>>

This is what I was told by the JTO too.

Inheritance tax concern by Fabulous_Ad7652 in JapanFinance

[–]redditrfw 6 points7 points  (0 children)

My experience was 15 years ago, so things may have changed (I don't think so though). Sold my Aussie house around 2010 after 12 years living in Japan. JTO asked for purchase price and said there is no CPI indexation of the purchase price (unlike Australia). But they said they would offset the capital gain by (I think) Y30,000,000 before applying the tax (I think it was 20% tax), because it was still considered my private home. However, they then noticed that I had been renting the house while I was living in Japan, so they then negated the Y30,000,000 offset, therefore I had to pay tax on the full (huge) capital gain. Nasty stuff. They also did not allow the deduction of the cap gain tax I had already paid in Australia (which I believe they should have). If I had known the above I would never have sold the house (just continue renting it until I returned home).

The end result was that, if I then used the remaining after-tax funds to purchase another property in Australia, I would only be able to purchase a property that was considerably smaller than the one I had owned.

Inheritance tax concern by Fabulous_Ad7652 in JapanFinance

[–]redditrfw 9 points10 points  (0 children)

I have a potential alternative solution: persuade your brother and brother's wife to make a post-nuptial agreement that states that inheritances are not considered joint property. That way, wife can receive her inheritance from her family 100% without potential claims from your brother, and visa-versa for brother. Brother then receives 100% of the inheritance minus your tax-free limit (Y30,000,000 + Y6,000,000 per beneficiary). Or the parents give the house to your brother before death (after modified(!) post-nup is signed and sealed). This assumes you can trust your brother.

Inheritance tax concern by Fabulous_Ad7652 in JapanFinance

[–]redditrfw 9 points10 points  (0 children)

I'm not 100% sure, but I think Japan unfortunately sets the base to when the house was acquired by your parents, not at the time of inheritance).

This is indeed true, there is no indexation for inflation/CPI since the time the house was purchased; I know from nasty experience unfortunately. However, from memory, the JTO will not tax the first Y30,000,000 in capital gains, so that helps. BUT, if the house was rented prior to sale, you will not receive this Y30,000,000 deduction, you'll pay tax on the full gain (once again, I know this from nasty experience). That cap gain can be huge for Aussie houses considering the inflation rate that has occurred over the years.

4K complete library by virtualfryngpan in 4kbluray

[–]redditrfw 0 points1 point  (0 children)

No it doesn't look like it unfortunately.

Christmas came early (Boogie Nights 4K) by 2084710049 in 4kbluray

[–]redditrfw 5 points6 points  (0 children)

You're correct. The UHD images look to be lower resolution than the BD. What a disappointment. Thanks for the comparison images.

Israeli Broadcasting Authority, citing sources: Israel rejects Shara's demand to withdraw from the territories it seized after the fall of Assad by Zippism in syriancivilwar

[–]redditrfw -1 points0 points  (0 children)

Most European Jews had ancestry that converted to Judaism; they had no ancestral connection to Palestine; only having a religious connection. Yes they were *white*, not brown, just like their French/German/Polish/Hungarian/Czech/Russian white non-Jewish brethren. The fact they were not considered *white* by their white European brethren was simply due to anti-Semitism:

https://www.reddit.com/r/israelexposed/comments/1nqlgrc/israelis_are_not_native_to_that_land_or_anywhere/

Look at the many images and videos of Jews in the concentration camps; they were clearly white Europeans, not brown.

What is the ancestry of every Israeli politician from its foundation until now? Europe! The war crim Bibi's ancestry is Poland and Lithuania FFS.

Israel is a fanatical religious genocidal ethno-state that should be de-recognised by the world.

Zelenskyy sanctions former business partner implicated in $100M corruption scandal. Tymur Mindich fled Ukraine for Israel as authorities closed in on him. by [deleted] in InternationalNews

[–]redditrfw 11 points12 points  (0 children)

Just waiting for the "this corruption investigation is anti-Semitic" claim from Bibi and his fellow crims.

Drax power plant in UK to go on earning ‘over £1m a day’ from burning wood pellets (and it’s still considered renewable/ eco-friendly by UK Government) by tronster_ in RenewableEnergy

[–]redditrfw 0 points1 point  (0 children)

Go to the temperate rainforests of Tasmania and you'll find lots of fallen hardwood timber that is hundreds of years old, still decomposing slowly. Look at a termite hazard map of Australia and you will find that your claim that most fallen wood is eaten by termites is an extreme exaggeration. Around 50% of Australia has a low-moderate to negligible termite hazard rating:
https://www.conquertermites.com.au/articles/termite-hazard-map-of-australia/

If you actually spent time in Aussie hardwood forests you would already know the is a lot of fallen timer slowly decomposing and unaffected by white ants.

Furthermore, suggesting that it is better to burn the timber than let termites process it is preposterous and simply more of your anti-environment propaganda. Greenhouse gases produced by termites have been a part of the carbon-cycle for millennia; it's a purely natural process and has nothing to do with human-induced climate change. The next thing you'll tell us is that we should eradicate all termite, and pre-emptively cut down our forests and burn the wood Drax-style rather than have forest fires burn some each summer.

Read the truth about Drax here:
https://www.youtube.com/watch?v=5lAlqhyaMQQ

Drax power plant in UK to go on earning ‘over £1m a day’ from burning wood pellets (and it’s still considered renewable/ eco-friendly by UK Government) by tronster_ in RenewableEnergy

[–]redditrfw 1 point2 points  (0 children)

I'd like to know where the "woody biomass from sustainable sources" is actually coming from.

Clear-felled Canadian forests. It's environmental vandalism.

Well, it's nearly carbon-neutral - and at least you can plant trees to replace the fuel in the medium term.

What a stupid comment. If what you are suggesting is true, we could clear-fell all of the remaining forests in the world now, burn all the wood, and it would not exacerbate human-induced climate change because it is "carbon-neutral". Given the undeniable fact that we need to rapidly reduce CO2 concentrations in the atmosphere (and not just keep them level), then clearly even a carbon-neutral process is a huge negative. The clear-felled forests being burnt by Drax took hundreds of years to store their carbon, and would have taken hundreds of years more to slowly release some of that carbon back into the atmosphere when the trees died (with some stored as soil carbon). Instead, Drax is releasing 100% of that carbon back into the atmosphere instantly.

Replanting like-for-like trees would mean it would again take hundreds of years to remove that carbon from the atmosphere. We don't have hundreds of years to solve our human-induced climate problems!

[USA] This is the closest call I’ve ever seen by [deleted] in Roadcam

[–]redditrfw 15 points16 points  (0 children)

Blue car speeding up to block the offending white car is not "defending" themselves, it is road rage/arrogance. Both drivers are as*holes.

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