Hi All,
I have currently a NPR tax status in Japan. I have some unrealized capital gain on foreign stocks, hold abroad. I acquired those shares before becoming NPR, I understood that I would be taxable on the capital gain when I sell to the extent of the remittance to Japan in the same calendar year.
However, the stock is due for a split 1->N. Will this have any consequence from a tax point of view? I am worried that e.g. the N-1 newly acquired shares would be considered to have been acquired during NPR period, or some other unexpected impact.
So far I have not found any definitive answer in the income tax law.
Thank you in advance for your help!
by Quiet-Hyena-7799