Sale of land abroad

I've been reading different things, so I'd like some clarification on something.

Long story short, I'm a table 2 visa holder (spouse of national) that has been living in japan for 2 years. I'm about to sell some land in the US. From what I've read the US has first taxation on this long term capital gain and then Japan with credit towards what I paid the US. However, I'm curious if even as a table 2 visa holder, if I don't remit the money will it not be subject to Japanese income tax and only US?

Additionally, can I have clarification about even if I wait for the next tax year, is it not allowed to be remitted still? if this is the case, I assume the only way to avoid this is to relocate outside of Japan for at least 6 months and then come back?

by Taco_In_Space

Leave a Reply
You May Also Like