Taxation Of Securities Transactions

Question 1

Under the system of tax exempt interest income from small sum deposit of disabled persons, interest on savings deposits and dividend distributions from bond investment trusts on a principal amount of 3.5m yen or less shall be tax exempt under certain conditions for individuals domiciled in Japan and who fall within the definition of disabled

Answer 1

Correct

Question 2

Income from redemption and transfer of discount bonds that are issued on or after January 2016 is subject to self assessed separate taxation as capital gains on bonds

Answer 2

Correct

Question 3

A resident is not required to file a final tax return to claim a dividend tax credit with respect to the dividends received from listed shares

Answer 3

False

Question 4

Income from the transfer of securities such as shares is categorized under the capital gains and never is categorized under business income or miscellaneous income

Answer 4

False

Income from the transfer of securities such as shares may be categorized under business income and miscellaneous income depending on the volume of transactions