Edit:
OP here, does anyone know where this one year vs 5 years out of the country distinction is made?
Why have I heard both
– 1 year out of the country as relevant, and
– 5 years out of the country as relevant
Do I really just need to be out of Japan for one year+ with no rentals or bank account in Japan to avoid the inheritance tax issue?
Any links to government documents appreciated
Thanks again
………..
Original comment from here:
Hello, is there a way to avoid Japanese inheritance tax on my US inheritance, but stay in Japan?
I have lived here for 5 of the last 10 years.
I have children from a previous marriage here and would prefer to be able to still visit them from time to time, which would be more difficult if I live overseas.
I have heard of doing things like living in Japan for less than six months (to change my tax “domicile” to elsewhere) and giving up my permanent residency for a tourist visa.
In the event that I were to receive my inheritance today, or within the next week, would immediately cancelling my permanent residency have any impact? How long does it take to cancel your permanent residency?
Thanks for any insights.
by 4588776