Tax Consulting (Fee Determined on a Case-by-Case Basis）
Transfer Declaration
The income generated from transfer of lands, buildings, stocks etc., is called capital gain. Transfer means handing properties to other people with or without compensation, such as sale, exchange, expropriation etc. However, transfers involving money such as the inventory, loans and the accounts receivables for business are not included.
For example, when profit are realized from selling your own house, “Special Case of Special Deduction of JPY 30 Million for Residential Property,” “Special Case of Reduced Tax Rate” could be applied to. When loss occurs, special case like “Aggregation of Profit and Loss as well as Loss Carryforward of Capital Loss on Specific Residential Property” could be applied to. Certain criteria must be met when applying to these special cases. Therefore, please feel free to contact us and have a tax consulting before transferring your property.
Inheritance Tax Declaration
Regarding the inheritance tax declaration in Japan, the taxation differs based on the nationality and asset location of the heir and the decedent.
It is required to file inheritance tax in the following cases.
（1）Both decedent and heir are non-residents (foreign nationalities), and possess domestic assets.
（2）Both decedent and heir are residents (foreign nationalities), and possess foreign assets.
We can help you to file inheritance tax return if you are non-resident (foreign nationalities).
