There are differnet types of taxes during the purchase, holding and sale of a Japanese property.
Here is a breakdown of these taxes, their calculations and in what stages they will occur.
Taxes for Japanese properties | ||||
Item | Calculation | Buy | Hold | Sale |
Stamp duty |
Selling price: 5-10mil: 5000 10-50mil: 10000 50-100mil: 30000 | ☑ | ||
Title deed registration tax | 2% of land and building valuation | ☑ | ||
Real estate acquistion tax |
Land valuation* 1.5% Building valuation * 3% | ☑ | ||
Fixed Asset Tax | Tax valuation * 1.7% | ☑ | ||
Income tax |
Within 1.95mil: 5% 1.95-3.3mil: 10% | ☑ | ||
Capital gain tax |
Calculation: Sold price - purchase price - depreciation - other fees Within five years: 30%After five years: 15% | ☑ |