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Introduction to Osaka University

Inheritance tax exemption in the cases of paying education-related expenses [updated on April 18]

Inheritance tax exemption in cases of paying education-related expenses for grandchildren is applied in accordance with the following rules:

Summary

• Grandparents transfer money for education expenses to their children's or grandchildren's accounts in a lump sum.
• Grandparents can give up to ¥15 million to each grandchild to pay for education-related expenses without the recipient having to pay a gift tax.
• For expenses paid to educational institutes other than schools, grandparents can give up to ¥5 million.
• Financial institutes check how the money was spent by receipts and keep them.
• Children's or grandchildren's accounts for this purpose will be closed on the day when they turn 30.
• This tax exemption goes into effect in April 1, 2013 for 3 years through December 31, 2015.

For details, please go to the Ministry of Education, Culture, Sports, Science and Technology website.

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