Hi. I currently hold all of my investments in the US through Vanguard. With the news of Americans possibly being able to hold things like VT in a NISA through Interactive Brokers Japan, I was thinking about finally transferring my Vanguard holdings to an IBSJ account. I just wanted to check about the following questions:
- Will doing an in-kind transfer of assets (all VT) from Vanguard to IBSJ be possible? And if so, will it be a taxable event? I believe it's possible and also not a taxable event, but just want to check if I'm missing something.
I'll probably be able to contribute ¥150,000 per month to a NISA account. I'm thinking to sell equities from the taxable brokerage (which would be IBSJ if the in-kind transfer is possible) in order to fund another ¥150,000 per month to the NISA. This would enable maxing the NISA account in 5 years. I would pay some tax on the sales but I think it could be worth it to be able to max it faster.
- For those who have an IBSJ account, would it be pretty simple to sell equities in your normal taxable IBSJ account and then re-purchase equities in the NISA account?
I'm unfamiliar with IBSJ's UI (in the process of creating an account now), so just wondering how integrated or separate they keep things.
Thank you for any information!
by redfinadvice