Expenses incurred when buying real estate
Expenses incurred at the time of purchase
| Registration and license tax | 2％ of Property Valuation |
| Judicial scrivener fee | Depending on the property price |
＊Registration and license tax is a tax imposed when registering real estate. The tax clerk is the person who receives the registration.
| Sale Price | Calculation Formula | |
|---|---|---|
| Brokerage Fee | 2,000,000 yen or less | Sale price×5% + consumption tax |
| 2,000,000 yen to 4,000,000 yen | Sale price× 4% + 20,000 yen + consumption tax | |
| 4,000,000 yen or more | Sale price× 3% + 60,000 yen + consumption tax |
＊Consumption tax = 10%
＊Formula for calculating a property of 10 million yen：
（10,000,000 × 3% + 60,000）× 1.10 = 396,000 yen
Taxes subjected to the property
| Property Tax | Tax base × tax rate (1.4％) |
| City Planning Tax | Tax base × tax rate (0.3％) |
＊ Property tax and City planniing tax are municipal taxes that you will be annualy charged if you own real estate in the urbanized area. These two types of taxes are listed together on the tax notice you receive from the municipality.
*The calculation period of Osaka is from April 1 to March 31 of the following year.
| Real estate acquisition tax | Property tax valuation × 4% |
＊Real estate acquisition tax is a type of local tax that is levied only in the first year of acquisition of ownership of real estate. The timing of payment of real estate acquisition tax is approximately one month after the “Real Estate Acquisition Tax Tax Payment Notice” is received.
Taxes arising from the sale of property
| Ownership Period | Calculation Formula | |
| Short-Term Capital gain tax | Within 5 years | Taxable capital gains × 30% |
| Long-Term Capital gain tax | More than 5 years | Taxable capital gains × 15% |
*Taxable capital gains = Salse price – (acquisition fee + sale expense) – special control exception (a certain extent)
| Withholding tax at the time of sale of real estate | 10.21 % of the sales price |
