Tax items | Taxpayer | Object of taxation | Tax base | Tax rate | Special rules, etc. |
---|---|---|---|---|---|
Registered license tax ( National tax ) |
Applicant for registration | Registration concerning preservation, transfer and others of ownership | Value at registration ( Assessed value of fixed assets tax ) |
Registration of transfer Main rule: 2%
Registration of ownership preservation |
*Until the 2007 fiscal year, the tax on registration of transfer by sales transaction concerning land, and registration of ownership trust should be reduced as follows: – Registration of transfer by sales transaction: 1% – Registration of ownership trust: 0.2% *Until the 2006 fiscal year, the tax concerning residential buildings should be reduced as follows: – Registration of transfer by sales transaction: 0.3% – Registration of ownership preservation: 0.15% |
Real estate acquisition tax ( Prefectural tax ) |
Individual or corporation that acquired real estate | Land and building | Price at acquisition ( Assessed value of fixed assets tax ) |
Main rule: 4% | *Until the 2008 fiscal year, the tax rate on lands, both residential and nonresidential, should be reduced from 4% to 3%. *Special rule on tax base concerning lands – Reduced to half between 2006 and 2008 *Until the 2008 fiscal year, the tax rate on residential buildings should be reduced from 4% to 3%. *Until the 2007 fiscal year, the tax rate on nonresidential buildings should be reduced from 4% to 3.5%. *Special rule on tax base concerning residential buildings – New houses: Deductible by 12 million yen *Special rule on tax amount for residential lands ( Reduction of amount equal to 1/4 of tax amount, and deduction of the larger amount of 45,000 yen or the land price per square meter x floor area x 2 x 3/100 ) |
*Special rule on tax amount for residential lands ( Reduction of amount equal to 1/4 of tax amount, and deduction of the larger amount of 45,000 yen or the land price per square meter x floor area x 2 x 3/100 ) ( Municipal tax ) |
Individual or corporation that acquired land | Land | Acquisition price of land | 3% ( Amount equal to the real estate acquisition tax is deducted. ) |
*Tax imposition was temporarily stopped from the 2003 fiscal year. *Tax collection postponement system concerning the land ( residential land, etc. ) for nontaxable purpose *Tax collection postponement system and tax obligation exemption system concerning the land to transfer for serving as house or residential land, or to build a permanent building *Tax collection postponement system in the case of land transfer or alteration of business plan |
Inheritance tax ( National tax ) |
Individual who acquired property by inheritance or bequest | All inherited properties including lands | Value at acquisition ( Assessed value of inheritance tax ) |
Progressive tax rate of 10-50% | Progressive tax rate of 10-50% Special rule should be applied to a land up to 240 ㎡ ( up to 400 ㎡ for residential land for commercial use ). [For residence] – A relative living together continues to live: 80% reduction – Others: 50% reduction [For commercial ( except for real-estate lending )] – In the case of continuing the business: 80% reduction – Others: 50% reduction – For real-estate lending: 50% reduction * Extension of applicable period of special rule on conversion of agricultural land, etc. in the specially designated urbanization area, on which tax payment is postponed. – In the case of converting land to a rental housing site, the postponement of tax payment is continued, and after a prescribed period, the tax payment is exempted. |