TOKYO (TR) — Following the sudden loss of life of 54-year-old former prime idol and actress Miho Nakayama in December 2024, her Paris-based solely son has reportedly renounced his inheritance, probably transferring her large 2-billion-yen property to her estranged mom, reviews Nikkan Gendai (Apr. 7).
Nakayama’s property — which embody in depth actual property, copyrights, and royalties from her chart-topping idol-era hits — are estimated to be value round 2 billion yen. With her son relinquishing his declare, authorized rights are anticipated to shift to her mom as the following statutory inheritor below Japanese legislation.
“While there is no formal confirmation from the family court and much remains speculative, many industry insiders worry that Miho is watching from heaven with a heavy heart,” a veteran leisure reporter who carefully adopted Nakayama tells Gendai.
“Double taxation”
A sure leisure producer says the rationale the son may resign his inheritance is believed to be the extraordinarily heavy burden of inheritance tax distinctive to Japan.
“We don’t know the contents of the inheritance or the actual procedures, but reports say that if the inheritance is 2 billion yen, a tax burden of up to 55 percent, or about 1.1 billion yen, will be imposed, and that it must be paid within 10 months from the day after the day the inheritance began,” the producer says. “Moreover, it is in principle to be paid in a lump sum in cash, and there are strict conditions for deferred payment or payment in kind, which is outrageous. Realistically, it’s almost impossible. Inheritance tax, which is levied on assets after death, even though income tax, resident tax and consumption tax have already been paid on the income during the deceased’s lifetime, has long been criticized as ‘double taxation.’ Shouldn’t the reality of Japan’s extremely heavy taxation, which is unparalleled in the world, be questioned?”
Tabloid goal
The fraught relationship between Nakayama and her mom was a frequent tabloid goal in the course of the actress’s life. After her dad and mom divorced when she was younger, Nakayama and her youthful sister, actress Shinobu, have been despatched to dwell with an aunt and uncle. However, after getting into present enterprise, Nakayama appeared to reconcile along with her mom, forging what was publicly believed to be a powerful bond.
Nakayama generously supported her mom financially, gifting her a three-story residence in 1995 and naming her the consultant of her private administration company in 1998.
However, the connection abruptly deteriorated within the early 2000s when Nakayama found that her firm’s financial institution steadiness was severely depleted. Suspecting her mom of misappropriating a whole lot of tens of millions of yen, Nakayama stripped her of her monetary duties and minimize ties fully.
The private administration company was dissolved round 2012, its operations quietly absorbed by a brand new firm headed by Shinobu. The bitter mother-daughter rift was reportedly by no means mended previous to Nakayama’s premature loss of life.