The First Seventh and Forty-Ninth Days Ceremony Costs Not Deductible from Inheritance Tax Japan

by Aki Kojima | Nov 7, 2024 | Inheritance, Gift, Equity Valuation

In calculating Inheritance tax, certain liabilities can be subtracted from the assets you inherit.Assets are cash, for example. And liabilities must be paid on behalf of the person who is gone. If a person inherits JPY100 million and has JPY50 million in debt, the tax...

Keep Funeral Expenses Receipts for Inheritance Tax and Grants.

by Aki Kojima | Nov 2, 2024 | Inheritance, Gift, Equity Valuation

Be sure to keep receipts for funeral expenses. It will not only help you with your inheritance tax return but also provide proof to other family members when dividing the properties. It is also needed to obtain grants from the health insurance association. As proof to...

The method used to calculate the stock price of a small business is not the amount it bought.

by Aki Kojima | Sep 26, 2024 | Inheritance, Gift, Equity Valuation

Small business owners are often shareholders.However, they rarely buy or sell their shares.This is because they are inextricably linked to management rights. Since they rarely buy or sell, it is crucial to understand how stock prices are calculated accurately, and you...

Are land and buildings obtained by inheritance easy to dispose of?

by Aki Kojima | Sep 4, 2024 | Inheritance, Gift, Equity Valuation

You may acquire land as assets by inheritance. Once you pay the estate taxes, you own and can use it. However, can you end up with only a positive return? Even if you get the land as an asset, you may still be subject to regrets and stress. To avoid these disasters,...

Tax-Free of Inheritance: Lands of Small Shrines in the House 

by Aki Kojima | Sep 2, 2024 | Inheritance, Gift, Equity Valuation

Certain types of property are tax-free of Inheritance Tax in Japan. Whether or not the property falls under the tax-free category depends on its contents. One of the most distinctive features of the estate is a Shrine within a garden, called 庭内神し(Teinai Shinshi) in...

Depth of inheritance tax and land valuation, and land usability can reduce valuation.

by Aki Kojima | Aug 23, 2024 | Inheritance, Gift, Equity Valuation

A significant point in calculating inheritance taxes would be the valuation of assets. For cash, 100 million yen is valued at 100 million yen. However, how much would a 100 million yen piece of land actually be valued? Naturally, there is a method of estimating...