My partner and I are trying to buy a house in Japan this year. We are receiving the money for the house from his parents. They will transfer this sum to his account, and the next step is transferring the money to Japan. Though I’ve seen lots of posts on this page related to this topic, it’s still really unclear how much tax we would have to pay or whether we would have to pay tax at all. Even after having read the wiki, it’s still really confusing.
We’re both foreign nationals and neither of us have lived in Japan for 10 of the last 15 years (we’ve both been here about 6 years). While his parents are sending the money to his account in France, once the money is in his account and he transfers it to Japan from his account, is it technically still considered a “gift”, and as such is it liable for “gift tax”? The amount is much higher than the 1.1 million yen limit for tax-free gifts.
If anyone could provide a specific answer here that would be much appreciated.
by Minimum_Emphasis4953
