Registration tax of Japan (2022)
When you purchase real estate in Japan, your lawyer will apply for ownership transfer registration. At that time, you need to pay registration tax.
So I would like to inform you of following information.
Law relating to registration tax has been changed from 1st April, 2022
Until end of March 2022, when you purchase an apartment for residential purpose, rate of registration tax for the building is 0.3% of the appraised value of the building.
For example, appraised value of an apartment is 4,000,000 yen.
This is an actual case in the case of reinforced concrete building, 57 square meters, built in 1994, sales price is 23 million yen.
Amount of registration tax is 12,000 yen. (4,000,000 yen * 0.3 %)
Change of law
Until end of March 2022, in order to apply for this tax rate (0.3 %), age of the reinforced concrete building should be 25 years.
However according to change of law, this requirement has been removed.
So as far as the apartment was built after 1st January, 1982 (room area is more than 50 square meters) and you purchase it for residential purpose, you can apply for this tax rate of 0.3 %.
By the way, if you can not apply for this tax rate of 0.3 %, available tax rate is 2%.
So, amount of registration tax is 80,000 yen. (4,000,000 yen * 2%)
