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Get Your Affairs in Order – Inheritance Tax & Gift Tax

Wednesday 04 Aug | 12.00 - 13.00

Location

Price

Members: ¥0

Non Members: ¥1,000

Written by Sarah Backley

Note: A Zoom access link will be shared with registrants, on the day of the event

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The COVID-19 pandemic has been a stark reminder that “anything can happen”. Whilst the anxiety many people feel during the public health crisis continues, one way to ease some stress is to get organised.

In response to member enquiries, the BCCJ is pleased to launch a new Toolbox event series for 2021-2022:

Estate Planning – Get Your Affairs in Order

Through this series we will show that estate planning is not only for the elderly and wealthy.  Furthermore this may be the ideal time to create or update ones estate plan, especially when much of the work can be done from home. Regardless of your situation, estate planning is for everyone. Dive in!

This Event

On August 4, for the first session in our Estate Planning series, PricewaterhouseCooper (PwC Japan) will provide an overview of relevant – and often unknown – Japanese taxes and Japanese laws that affect estate planning. This session will look at Japanese gift and inheritance tax, and provide guidance on how these will practically impact your estate planning in Japan.

Experts from PwC Japan will provide

  • an overview of Japanese gift and inheritance tax (and other potential taxes pertinent for estate planning) and how those can practically impact members of the BCCJ.
  • a high-level overview of inheritances under Japanese law, as well as points to note when drafting wills.
  • a high-level discussion of common methods used outside Japan to mitigate estate planning risk, and how generally the Japanese law would apply to these methods, including how the Japanese law may impact their effectiveness.

Who should attend?

If you are domicile in Japan – as an expat, senior executive, entrepreneur and / or international spouse – join us to advance your knowledge and have your estate planning questions answered. To make the most of the 60-minute session, we encourage you to send in any questions or areas of concern ahead of the event: [email protected].

Speakers

Kotaro Okamoto | Director, PwC Legal

Kotaro Okamoto joined PwC Legal Japan as Director in July 2018. Prior to joining PwC, he worked at one of the largest law firms in Japan for 12 years and also worked for a major internet business company.

Kotaro has provided legal consulting services to High Net Worth individuals, and  has extensive experience in the area of cross-border estate planning. He also advises on general corporate and commercial matters.  He has experience representing various clients in both inbound and outbound transactions.

He also provides tax advice in the area of estate planning, and represents clients in tax litigation including cases before the courts and the tax tribunal, as well.

He received his LLB from the University of Tokyo, and an International Tax LLM from the New York University School of Law.

He is admitted to practice law in Japan (2000) and New York State (2007).

Kotaro Okamoto joined PwC Legal Japan as Director in July 2018. Prior to joining PwC, he worked at one of the largest law firms in Japan for 12 years and also worked for a major internet business company.

Kotaro has provided legal consulting services to High Net Worth individuals, and  has extensive experience in the area of cross-border estate planning. He also advises on general corporate and commercial matters.  He has experience representing various clients in both inbound and outbound transactions.

He also provides tax advice in the area of estate planning, and represents clients in tax litigation including cases before the courts and the tax tribunal, as well.

He received his LLB from the University of Tokyo, and an International Tax LLM from the New York University School of Law.

He is admitted to practice law in Japan (2000) and New York State (2007).

Thomas Y. Lu | Senior Manager, PwC Tax Japan

Thomas is a senior manager in the Personal Financial Services practice in PwC Tax Japan, Tokyo office, providing personal financial consulting services to High Net Worth individuals, family offices and expatriates in Japan.

Thomas has over 14 years of professional experience in the area of cross-border gift and estate planning, retirement planning and income tax planning.  In addition, he is also experienced in the area of US/Japan individual income tax compliance.

Thomas is a US Certified Financial Planner and an active member of the American Chamber of Commerce in Japan; he is also a regular presenter at various company & chamber seminars on Japan/US gift & estate planning.

Thomas is a senior manager in the Personal Financial Services practice in PwC Tax Japan, Tokyo office, providing personal financial consulting services to High Net Worth individuals, family offices and expatriates in Japan.

Thomas has over 14 years of professional experience in the area of cross-border gift and estate planning, retirement planning and income tax planning.  In addition, he is also experienced in the area of US/Japan individual income tax compliance.

Thomas is a US Certified Financial Planner and an active member of the American Chamber of Commerce in Japan; he is also a regular presenter at various company & chamber seminars on Japan/US gift & estate planning.

Bradley Tutt | Manager, PwC Tax Japan

Bradley is a Manager in the Global Mobility Services team in the Tokyo office of PwC Tax Japan.  He has worked in the professional services industry for over 10 years.  As part of his work for PwC GMS Japan, he has been helping individuals (mainly from common law jurisdictions) navigate their way through the potential estate planning issues and risks caused by the Japanese law.

In addition, he is also experienced in the area of Japanese individual income tax compliance.

Bradley is a member of the Institute of Chartered Accountants of Australia and is also an Australian lawyer.

Bradley is a Manager in the Global Mobility Services team in the Tokyo office of PwC Tax Japan.  He has worked in the professional services industry for over 10 years.  As part of his work for PwC GMS Japan, he has been helping individuals (mainly from common law jurisdictions) navigate their way through the potential estate planning issues and risks caused by the Japanese law.

In addition, he is also experienced in the area of Japanese individual income tax compliance.

Bradley is a member of the Institute of Chartered Accountants of Australia and is also an Australian lawyer.