Hi all, my apologies as I’m sure this has been asked but a little googling turned up nothing.
I’m looking at liquidating my TFSA (Canadian) and beginning to invest through the new NISA account here. I should have done this before moving, of course, but I wasn’t initially planning to remain in Japan long term and now I’m playing catch-up with everything.
I understand that as a short term resident in Japan, I only pay capital gains tax on what portion of the gains I remit to Japan.
Does this mean then, that I am free to remit the large portion of the money that is my own savings without paying any tax whatsoever as long as I can point to a bank account I own outside Japan that holds funds equivalent or greater to that amount of capital gains?
I’m also not sure whether holding the capital gains money in Wise would actually constitute a remittance to Japan but I suspect it does not.
by LegendaryRaider69