inheritance tax- TAG -

Inheritance is an important procedure for passing on property and legacies to the next generation. However, if you are not prepared, problems among the remaining family members and unexpected tax burdens may weigh heavily on you. Early preparation is essential to ensure a smooth inheritance. In this article, we will discuss how to prevent family disputes and minimize tax...

The problem of vacant houses, which is becoming increasingly serious throughout Japan, is having a negative impact on local economies, disaster prevention, and public safety against the backdrop of a declining birthrate, aging population, and the concentration of population in urban areas. The increasing number of vacant houses not only reduces their value as assets, but they also deteriorate due to lack of management and become a breeding ground for crime and the risk of collapsing...

A family trust is a trust agreement between family members for the purpose of managing, operating, and passing on property among them. It is used especially in the aging of the population, as a means to prepare for the case when a person becomes unable to manage his/her own property due to dementia or illness, or to ensure the smooth succession of property in the event of inheritance....

While your real estate can be a great asset at the time of inheritance, it also carries the risk of causing inheritance tax burdens and family troubles if appropriate measures are not taken. Early measures will help you avoid future problems and reduce your tax burden. In this article, we will discuss the inheritance of real estate...

Regardless of the variety of inheritance assets, it is very important to "think about inheritance in advance. Inheritance tax can be reduced by giving a portion of your property to your children, grandchildren, or other family members before your death and passing it on to the next generation in advance. Typical and well-known examples are...

Gift tax is a tax imposed on the transfer of property by gift, but special rules exist for gifts made during one's lifetime. One of the most important of these rules is the "living gift addition," which means that the gifted property is added to the estate when the donor dies. If the property donated during the donor's lifetime is added to the donor's...

Several preferential systems are in place in Japan to protect the residence and livelihood of spouses in inheritance. Spousal residency and short-term spousal residency are systems that ensure that a spouse can continue to live in a familiar home with peace of mind. In addition, there is a system of exemption from bringing back special benefits, gift tax distribution...

Statutory inheritance share refers to the approximate percentage of inherited property that the heirs would acquire under the law if the decedent did not leave a will. Under the Japanese Civil Code, legal heirs, including spouses, children, parents, and siblings, have the right to inherit property in the proportions determined...