Hello JapanFinance,
I am due to receive a sum of between 2-3M yen from my great aunt’s estate in my home country (non US). This money is currently in the form of shared ownership on a house. The house will be sold by the executor and the earnings split among the recipients. I will not owe any tax in my home country.
I’ve read through the Wiki and the sources, and my understanding from those is that because I am the sole recipient in Japan, and the amount is within the exemption bracket, I will neither owe any tax in Japan, nor will I be required to report it on my taxes. Does that sound correct?
I’m wondering if the fact that it’s currently tied up in property may change how things work.
by DirtCheapDandy