Frequently Asked Questions
Q8. What taxes are involved in purchasing Real Estate in Japan?
A8. At the time of purchasing, the buyer will need to pay acquisition tax. This is 3% of the council's evaluation of the real estate in question is payable approximately 3 months after title transfer.
Then from January 1st of the following year after settlement takes place, the purchaser will be charged fixed asset tax. This is 1.4% of the council's evaluation and is to be paid in May of the same year. Fixed asset tax is payable at the town office. Official Government/ Council evaluations are always much lower than the real estate sales price.
The questions and answers on this page have been supplied by LJ Hooker Niseko and we thank them greatly for their contribution.
CONTACT Derek Kennewell | Email: info@niseko-riverview.com | Ph: +81 (0) 90 2818 7408 | Or speak with your local Niseko real estate agent. | Disclaimer | FAQs