- High Rates & Wide Scope
- 10% - 55% per heir (not per estate)
- Taxed on worldwide assets!
- Tax Free Allowance
- Basic Exemption: ¥30M + (¥6M × number of heirs)
- Ten Years Rule
- Why People Leave Japan Before Inheritance
- To avoid global asset taxation
- High property values push heirs into top brackets
- Unforgiving if not planned in advance
- Legal Ways to Reduce Tax Burden
- Gifting assets before death
- ¥1.1M per recipient per year
- Life insurance payouts
- Exempt up to ¥5M × number of heirs
- Donations to charity
- Setting up family corporation
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