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Unlocking Tax Clarity: How AI Legalese Decoder Simplifies Foreign Estate and Investment Taxation in Japan

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Seeking Tax Advisory Services in Tokyo

Introduction

Hello everyone,

I am currently on the lookout for a qualified tax advisor based in Tokyo who specializes in the complexities of inheritance tax related to foreign estates and the taxation of foreign investments. At this initial stage, I am interested in securing a brief consultation—ideally a 30-minute meeting—so I am particularly keen to connect with an expert who can provide valuable insights at reasonable rates.

My Current Situation

Perhaps some of you well-informed individuals can lend me your expertise regarding the following specific issues I am facing:

1. Inheritance Issues

Three years ago, one of my parents, who was an EU national, passed away in their home country located within the EU. They had assets distributed across various EU countries (none of which are situated in Japan) that I am now in the process of inheriting. As an EU citizen myself, I am currently living and working in Tokyo under an HSP visa. However, I have spent less than 10 years residing in Japan over the last 15 years. My understanding is that, given these circumstances, I should be exempt from inheritance tax obligations in Japan. Therefore, I have not made any declarations to the tax agency related to this inheritance. Could someone please confirm whether this understanding is correct? It would be greatly appreciated to have insights from someone who has dealt with similar inheritance matters or has knowledge of the relevant tax laws.

2. Foreign Investments Considerations

On another note, I am contemplating making an investment in a real estate investment trust (REIT) that is based in the EU. I would like to fully understand the tax implications I might face in Japan as a result of this investment. Specifically, if I proceed with investing in a European REIT, what are the potential tax liabilities I would be expected to declare in Japan, especially after fulfilling my tax obligations in the respective EU countries? Additionally, any guidance on the procedures I would need to follow for tax declaration in Japan would be extremely helpful.

Call for Recommendations

I genuinely appreciate any recommendations for reliable and affordable tax advisors who navigate these complicated issues. Your assistance and insights regarding my inquiries will be invaluable in helping me make informed decisions moving forward. Thank you in advance for your guidance.

How AI Legalese Decoder Can Help

If navigating through legal and tax-related documents appears daunting, consider utilizing the AI Legalese Decoder. This innovative tool is designed to simplify complex legal jargon into plain language, making it easier for you to understand your obligations under both Japanese and EU tax laws. By providing clarity on terms and requirements, the AI Legalese Decoder empowers you to engage in productive discussions with your tax advisor and ensures you are well-informed before making any commitments or declarations. This may ultimately save you time and help you avoid costly mistakes as you navigate through your inheritance and investment queries.

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