Continuation of last timeWe will introduce you to the inheritance tax filing procedure.

Inheritance tax declaration procedure

Inheritance tax declarationWithin 10 months from the date of inheritancemust be done.
During this period, inheritance division negotiations must be held to determine the amount of inheritance, and inheritance tax must be calculated, declared, and paid.

The 10 months pass in the blink of an eye when relatives can't reach an agreement and wait until the next gathering is Obon or New Year's.
If the inherited assets are all easily converted into cash, such as cash or listed stocks, you will not have any trouble paying the taxes.

However, especially in Japan, where real estate accounts for a high proportion of inherited property, there may be no funds available to pay for inherited property unless the real estate is converted into cash.
In such cases, it is necessary to sell the property, but if you miss the declaration deadline, you may find yourself in a situation where you have to sell the property quickly at an undesirable price.

If possible, it is important to have an opportunity to thoroughly discuss inheritance plans before your death.

summary

Inheritances often occur at unexpected times, so it is often difficult to adequately prepare.
After the decedent's death, it takes a lot of effort just to collect documents related to the estate.

During my lifetime,Deposit passbooks, stock certificates, securities account information, title certificates, survey drawings, fixed asset tax decision notices, life insurance certificates, etc.By compiling your property documents, you will know who to contact to get the information you need in case of an emergency.
We recommend that you discuss inheritance planning with your relatives while you have time so that you don't panic after an inheritance occurs.