Buying a Japan property
Buying procedure
Costs incurred to get a bank loan |
|
Pro-rated ongoing fees and taxes | ·
|
Agent’s Commission | 3% of the sales price + ¥60,000 + consumption tax in accordance with property transaction regulations. |
Registration Tax | For registering ownership transfer and/or mortgage on a property. |
Commission for the Legal Scrivener |
Fee for conducting ownership transfer and necessary related registration. The fees vary depending on the size and complexity of the transaction. |
Acquisition Tax | This tax is paid to the local government and is usually due within six month of the purchase. |
Selling procedure
Agent’s Commission | 3% of the sales price + ¥60,000 + consumption tax in accordance with property transaction regulations. |
Registration Tax | For redemption of mortgage if the mortgage has not yet been paid off. |
Commission for the Legal Scrivener |
Fee for conducting ownership transfer and necessary related registration. The fees vary depending on the size and complexity of the transaction. |
Capital gains tax | Payable as a form of income tax |
Stamp duty for contract
Price on Contract | Property Sales Contract |
Less than ¥1M | ¥500 |
Less than ¥5M | ¥1,000 |
Less than ¥10M | ¥5,000 |
Less than ¥50M | ¥10,000 |
Less than ¥100M | ¥30,000 |
Less than ¥500M | ¥60,000 |
Less than ¥1B | ¥160,000 |
Taxes
Price on Contract | Property Sales Contract | Loan Contract |
Less than ¥1M | ¥500 | ¥1,000 |
Less than ¥5M | ¥1,000 | ¥2,000 |
Less than ¥10M | ¥5,000 | ¥10,000 |
Less than ¥50M | ¥10,000 | ¥20,000 |
Less than ¥100M | ¥30,000 | ¥60,000 |
Less than ¥500M | ¥60,000 | ¥100,000 |
Less than ¥1B | ¥160,000 | ¥200,000 |
Category | Tax rate | |
New Residence | Land | Assessed Value x 2.0% |
Building | Assessed Value x 0.4% | |
Pre-owned Residence | Land | Assessed Value x 2.0% |
Building | Assessed Value x 2% | |
Loans | Loaned Amount x 0.4% |
Taxable income | Rate (%) |
< ¥1.95M | 5 |
¥1.95M -¥3.30M | 10 |
¥3.30M -¥6.95M | 20 |
¥6.95M -¥9.00M | 23 |
¥9.00M -¥18.00M | 33 |
> ¥18.00M | 40 |
Assessed property Value(¥) | Tax rate |
< 10,000,000 | 10% |
30,000,000 | 15% |
50,000,000 | 20% |
100,000,000 | 30% |
300,000,000 | 40% |
> 300,000,000 | 50% |
Assessed property Value (¥) | Tax rate |
< 2,000,000 | 10% |
2,000,001 – 3,000,000 | 15% |
3,000,001 – 4,000,000 | 20% |
4,000,001 – 6,000,000 | 30% |
6,000,001 – 10,000,000 | 40% |
> 10,000,000 | 50% |
Within 5 years | More than 5 years | |
Resident | 39% of Capital Gains | 20% of capital Gains |
Non- Resident | 30% of capital Gains | 15% of capital Gains |
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