Does anybody happen understand in detail, the rules and guidelines of moving into the primary residence of a deceased estate in order to reduce your inheritance liabilities?
I understand this is extremely common place in Japan where children move into their late parents homes, as there's potentially up to an 80% reduction of the valuation of said property if you meet eligibility criterias.
It seems one must move into said property as soon as practicable upon inheritance (to make this your own primary residence) but there doesn't seem to be any note of how long you need to live there and whether there are other details which may affect your eligibility.
For the purpose of this discussion I am referring to real estate located outside of Japan, but presume the same rules apply both ways.
by Muntedpickle