When purchasing a property in Japan, various additional costs arise beyond the purchase price. What is Registration and License Tax?
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What’s Registration and License Tax?（登録免許税）
Registration and License Tax is imposed when applying for the registration of property ownership.
This article will focus on when purchasing real estate in bulk.
This tax arises from various types of registrations.
Ownership Preservation Registration（所有権保存登記）
Ownership Preservation Registration is a necessary procedure when purchasing a new property.
The standard tax rate is “assessed value × 0.4%.”
A reduced rate rate “assessed value × 0.15%” applies until March 31, 2027.
(To qualify for the reduced rate, the property must meet certain criteria.)
Ownership Transfer Registration（所有権移転登記）
Ownership Transfer Registration is required when purchasing a used property.
The standard tax rate is “assessed value × 2.0%.”
A reduced rate rate “assessed value × 0.3%” applies until March 31, 2027.
(To qualify for the reduced rate, the property must meet certain criteria.)
If you have any questions or concerns about buying a house in Japan, feel free to contact us!
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