Westward Group for Tax and Estate Planning Advisors Tokyo Tips: Real Estate Purchases and The Various Taxes In Japan
However, on the other hand, there is a characteristic of having many taxes being related to real estate in Japan and said as “real estate is the mass of tax”. Therefore, it is important to understand about tax management in order to purchase and manage real estate without worries.
So, basic information about real estate and the taxes in Japan will be summarized several times. I am happy for foreigners to understand about real estate taxes in Japan in this series starting at this time.
Of course, as this is basic information about real estate taxes in Japan, it is useful to read this for Japanese people who are interested in real estate taxes also. At first, a tax which is occurred at the time of a real estate purchase is described.
3 types of necessary taxes of a real estate purchase in Japan
There are basically 3 types of taxes at the time of a real estate purchase in Japan. They are real estate acquisition tax, stamp duty, and registration license tax. The real estate acquisition tax is duty. And stamp duty and registration license tax do not always occur legally. In terms of whether a legal obligation, there are two groups of real estate acquisition tax, and stamp duty and registration license tax. However, in order to have legal protection about real estate that has been purchased or traded, stamp duty and registration license tax are essentially generated virtually. After all, 3 types of taxes will be occurred for a real estate purchase. So, what are the 3 taxes specifically?