The best way to invest is Tax efficiently.
One can use a tax efficient wrapper it will shield Capital gains Taxes (CGT) until a later date. Also it will help with the OECD’s Common Reporting Standard (CRS) now in place. Unfortunately, more and more of our financial data gets automatically exchanged. A wrapper is good for most jurisdictions and of course the authorities here in Japan (who joined the CRS in September 2018). If funds are held in an insurance wrapper they can be easily reported but aren’t taxable unless you take a profit out (this means all capital gains are shielded from taxes). At the point where one decides to take things out one can plan to take advantage using the best tax friendly jurisdiction possible to mitigate as much tax as possible.
Start a conversation today to find out more 03 5724 5100 or email info@bannerjapan.com
