Inheritance
Q. What is the basic deduction for inheritance tax in Japan?
A.
Inheritance tax has a basic deduction of 30 million yen plus 6 million yen per heir. No tax is owed if the estate is below this amount.
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Basic deduction = ¥30M + ¥6M × number of legal heirs (Inheritance Tax Act Art. 15). For spouse + 2 children: ¥48M. Spouses can receive up to ¥160M or their legal share tax-free (Art. 19-2).
This article provides general legal information and does not constitute legal advice. For specific legal issues, please consult with a qualified attorney.
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