The 10 Essential Questions for Understanding Japanese Inheritance Tax. This item is unavailable.The 10 Essential Questions for Understanding Japanese Inheritance Tax

Do you or your spouse have connections to both Japan and another country? Japanese inheritance tax may apply in ways you do not expect.
For international couples and families, Japanese inheritance tax can be confusing. Being a foreign national does not necessarily mean that Japanese inheritance tax does not apply, and assets located outside Japan may sometimes be subject to Japanese inheritance tax as well.
Written by Tamami Yamaguchi, a Certified Public Tax Accountant (Japan) and U.S. Enrolled Agent (EA) specializing in cross-border inheritance matters, this short guide focuses on the key points foreign spouses and international families should know about Japanese inheritance tax.
Through 10 essential questions, the book covers topics including:

• When Japanese inheritance tax applies to foreign nationals
• Whether overseas assets are subject to Japanese inheritance tax
• The 10-month inheritance tax filing deadline
• What happens when an estate has not been divided by the filing deadline
• Japan’s basic inheritance tax exemption
• The spouse tax credit
• How domestic and foreign assets are classified
• Foreign tax credits and double taxation
• Special reduced valuation for residential land
• The special income tax return required after death (jun-kakutei shinkoku)

Each question begins with a Short Answer, making it easy to go directly to the topics that matter to you rather than reading the book from beginning to end.
The book also includes an Inheritance Tax Checklist to help you identify the documents and information that may be needed when dealing with an inheritance in Japan.
If your first question is, “What do I need to know about Japanese inheritance tax?”, this compact guide is designed to help you quickly understand the essentials and prepare for a more informed conversation with your tax advisor.