When purchasing a property in Japan, various additional costs arise beyond the purchase price. What is Real Estate Acquisition Tax?
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What’s Real Estate Acquisition Tax?（不動産取得税）
Real Estate Acquisition Tax is paid to local governments when purchasing real estate.
Although it is a local tax, the rate is uniform nationwide and is paid once upon the acquisition of the property.
Amount
For purchases made by March 31, 2027, a reduced tax rate applies, calculated as “the fixed asset tax assessment value of the property × 3%”, while the standard rate is 4%.
Payment Timing
The timing of payment varies by municipality.
Payment must be made by the deadline indicated on the tax notification sent to the taxpayer.
If the deadline is missed, the taxpayer may be subject to additional taxation.
If you want to purchase real estate in Japan as a foreigner, it can be challenging to obtain a mortgage, which is why properties are often bought with a lump-sum payment.
Do you have any questions or concerns about buying a house in Japan? Feel free to contact us!
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