I’m very lucky with money and I have small expenses because I was raised in a frugal/balanced lifestyle. No kid and wife. I plan to send around 7-10M every year to my parents. Due to age they have medical issues that requires medicine, hospital and surgery. And I need to hire a live-in/dedicated house helper to take care of them. Nursing home is not a thing in my country and personally I don’t want to send them there.
I understand I can get some tax benefits up to a certain amount of money. Will there be issues with sending this much money every year?
The reason I asked, I heard that nowadays it is very difficult to take your money outside Japan, especially if you have more than 50M yen.
by DurianExpress3320