Hey guys,
I’ve already maxed out my own NISA for this year, so I’m thinking of investing more using my wife’s NISA account.
Here’s the situation: I withdrew about 2 million yen in cash and gave it to my wife (not a bank transfer). She then plans to deposit it into her Yucho account and use it to invest in her NISA.
Now I’m wondering — could this raise any red flags with the bank or tax office? My wife only works part-time, so I’m a bit worried that a big deposit like that might trigger some questions, especially since Yucho tends to be strict about large cash movements.
If she only transfers around 1.1 million yen to her brokerage for NISA, could we just treat the rest as household money (生活費) so it doesn’t count as a taxable gift?
Would love to hear from anyone who’s done something similar or has experience dealing with this kind of situation. 🙏
by bimsukisuki
2 comments
Send her half this year then send her the other half first thing next year.
How you transfer the money doesn’t matter… except in so far as that doing this via cash-in-hand rather than a bank transfer makes it look like a deliberate attempt to avoid gift tax.
>If she only transfers around 1.1 million yen to her brokerage for NISA, could we just treat the rest as household money (生活費) so it doesn’t count as a taxable gift?
Are you not covering the other household expenses seperately? Is the money actually being used for household/living expenses?
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