INTERNATIONAL INHERITANCE & TAX
Valuations for cross-border estates.
When a Japanese property is part of an international estate, you typically need valuations that work in two jurisdictions at once. We prepare appraisal reports in English that are usable before foreign tax authorities and courts, as well as for Japanese inheritance tax filings.
Services and fees
| Service | Description | Fee (excl. tax) |
|---|---|---|
| Appraisal for US estate / gift tax filings | Fair market value appraisals of Japanese real estate for IRS Form 706 / 709 and equivalent foreign filings | from ¥800,000 |
| Appraisal for foreign probate | Valuation reports for probate and estate administration before foreign courts | from ¥800,000 |
| Appraisal for Japanese inheritance tax | Formal appraisals supporting Japanese inheritance tax returns, including cases where the statutory (rosenka) valuation overstates market value | from ¥400,000 |
Fees vary with property type, location, and the complexity of rights involved. Reports are issued in English; a Japanese counterpart can be provided where both jurisdictions are involved.
Typical situations
A US citizen inherited a Tokyo condominium
The estate needs a fair market value appraisal of the Japanese property as of the date of death for the US estate tax return — in English, by a licensed local appraiser.
Heirs live abroad and the estate must be settled in Japan
The Japanese property needs a valuation that can be used both for the Japanese inheritance tax return and for the estate division, with the heirs and their advisers abroad.
Estate planning with assets in Japan
Before gifting or restructuring Japanese real estate holdings, a reliable valuation of the property is the starting point for the tax and legal review by your advisers.
Working with your advisers
The appraiser in charge is also qualified in Japan as an attorney, a CPA and a licensed tax accountant, and prepares each valuation with its legal and tax use in mind. Our company provides the appraisal itself. Japanese tax filings and legal work for the estate are handled by LOGIT Partners, the law and accounting firm in our group, under a separate engagement.
We are happy to work alongside your estate attorney, CPA, or financial advisor in your home jurisdiction.
Contact
Please send your inquiry through the form. We will let you know whether we can take on the matter, together with a fee estimate. There is no charge at the inquiry stage.
Go to the inquiry form