https://www.nta.go.jp/taxes/shiraberu/taxanswer/zoyo/4432.htm
Ok, short version:
- I've spent 9 years and 1 month in Japan over the past 15 years. I'm a British citizen with PR through marriage.
- Within the next 3–4 months, I'll receive a large gift (50k–60k GBP) from the UK. My dad is selling the family home and moving in with his partner, splitting the proceeds between himself, my brother, and me—"early inheritance to get on the housing ladder." Very kind of him.
- Based on the NTA's answer, this money won't be taxed as a gift if it arrives in my Japanese account before I hit 10 years of residency (October 2026).
Is my understanding correct that I won't be taxed here? I plan to use half the money as a deposit to buy a home (along with some savings I already have) and save or invest the rest. I might just be bugging out here as I presumed PRs were automatically maximally taxed.
I understand there's a separate exemption for first-time home buyers, but it requires a lot of documentation and is generally a hassle. If the sale goes through (there's a buyer lined up, so fingers crossed) and I receive the funds before October 1st, 2026, am I in the clear?
by TrustyVault76Canteen