About bequest donation
If a person who has acquired property by inheritance or bequest donates the acquired property to a certified NPO by the deadline for filing an inheritance tax return, the value of the donated property will not be included in the basis for calculating the taxable value of the inheritance tax.
You must submit an application for approval from the Commissioner of the National Tax Agency within four months of the date of the donation or by the due date of the final tax return for the year in which the donation was made, whichever comes first.
The application must be submitted to the Commissioner of the National Tax Agency via the tax office of the taxpayer’s place of tax payment within four months of the date of donation of the property or the due date of the final tax return for the year of donation, whichever comes first.
Please contact IVY if you have any questions about donations for inheritance or bequests (donations in wills).
For more information, please refer to the National Tax Agency’s website, your tax accountant, or Japanese local tax office.