Will there be an inheritance tax on life insurance and severance pay?What is the method of distinguishing deemed property?
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In other words, if you have three heirs, even if you are exempt from taxation of 3 million yen, which is the tax exemption limit for life insurance, your death and retirement allowance will be exempt from taxation up to 1500 million yen.
What is a deemed inherited property? A deemed inherited property is not the inherited property that the deceased person had at the time of his death, but his death ... → Continue reading
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