Detailed introduction to Japanese real estate tax

Japan is one of the economically developed countries and has attracted many people to immigrate. So is the property tax in Japan high? Here I have compiled a detailed introduction to Japan’s property tax for you. I hope it will be helpful to you. helped.

Japan’s property tax has been levied since 1950. Over the past few decades, a relatively complete and mature revenue-increasing system has been formed.

Currently, if you buy a house in Japan, there is also a relatively complete system of exemptions and reductions. The taxes related to real estate in Japan mainly include tax on acquisition of real estate, tax on real estate retention, and tax on transfer of real estate, covering Complete the entire process of paying taxes on real estate.

Real estate taxes include real estate acquisition tax, registration license tax, stamp duty, inheritance tax, etc. The tax rate for these fees is generally around 3%. However, Japan also has a relevant real estate acquisition tax reduction and exemption system. When paying your real estate tax, you should understand the relevant reduction and exemption system, which will greatly reduce your payment fees.

Currently, if you purchase real estate in Japan, you must also register a license tax. The amount of the registration license tax is about 2% of the real estate tax rate.

Stamp duty is a fee incurred during real estate transactions. The amount of this tax varies depending on the contract amount. Therefore, if the price of purchasing a house is different, the stamp duty paid is also different.

If you buy a house for 60 million yen and the contract amount is 60 million yen, then your stamp duty will be 60,000 yen. Therefore, when paying property tax in Japan, you must also make sufficient financial preparations.