What should I pay attention to when buying a house in Japan?

With the improvement of people's living standards, more and more people plan to immigrate to Japan, so what should we pay attention to when buying a house in Japan? Next, let's take a look at the relevant content. Welcome to reading.

1. Are there any legal restrictions for foreigners to buy a house in Japan?

At present, there are no relevant restrictions in Japanese laws and regulations. Since1April 1998, the restrictions on foreigners (non-Japanese nationals) buying houses in Japan have been lifted.

2. What taxes must I pay to buy Japanese real estate? About how much?

Whether Japanese or foreigners own real estate in Japan, tax should be calculated according to Japanese tax law. Suppose 20m? For example, a suite of about 6 ping, the calculation is as follows. (Conditions will vary depending on the location and year of the building)

Estimated amount of tax payment time

Fixed assets tax and urban planning tax are about 30 thousand yen once a year

After the purchase of real estate is taxed, it will pay about 654.38 million+yen in one lump sum.

Pay about 30 thousand yen at a time when you register real estate tax-free

Stamp duty should be paid in one lump sum at the time of purchase (depending on the buying and selling price).

Consumption tax is included in the sales price.

Third, if you want to buy real estate in Japan, do you have to go to Japan in person?

You don't have to go in person to buy Japanese real estate. As the buyer, he only needs to hand over the contract to the agent after completing the confirmation and other related procedures. However, if you need to apply for a house loan, you still have to go to Japan in person, because you have to sign a contract with the bank.

4. Do non-Japanese residents need to pay 20% income tax in advance when investing in real estate?

When a non-resident rents out the purchased real estate, the owner of the real estate is obliged to pay 20% of the rental income as income tax according to certain conditions. Therefore, the real rental income of real estate investors is around 80%. This is a policy formulated by the Japanese government to prevent non-Japanese residents from tax evasion, and it needs to be levied before paying rent to real estate owners. Of course, the tax collected will be adjusted every year when filing tax returns. (When filing tax returns, expenses such as depreciation of fixed assets, fixed assets tax, urban planning tax, management fee, repair fee, management fee, etc. can be deducted from rental income, and will be refunded if the tax paid in advance is excessive).

Remarks: Some conditions refer to the situation that the renter is a legal person and the renter is an individual but does not live with himself or his relatives.

5. What should I do if there are natural disasters and other accidents in the process of buying and selling, resulting in problems with the object?

If it is before the transfer (the settlement and registration changes have not been completed), it is not a buyer in name, and there will be no big problem. In addition, even if the transaction can't continue, the company will guarantee the security of the transaction so that you won't suffer. Japan also has a clear legal system and can trade with peace of mind.

A good investment environment, the 2020 Tokyo Olympic Games and the hard advantages of Japanese real estate itself are all a shot in the arm for Japanese real estate. Various official data and reports show that buying real estate in Japan has become a popular trend, so investors should not miss the opportunity!