1. I am planning to sell a property outside of Japan. The FX rate will make a difference in the calculation on my Japan cap gains. I am wondering what is the exact date that is used (date of transfer, date settled, date RE closed)? Since the yen bounces around quite a bit this could mean a fair bit of difference.
2. Is the cap gains calculated after closing costs? I.e. closing costs are deducted?
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by DifferentWindow1436
1 comment
A related question is, for Japan tax purposes, do you apply the fx rate where the transaction occurred or the date in Japan? For example it may be the 16th in Florida but the 17th in Japan. Which date applies?