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Tokyo Real Estate Buy TOP

With the help of PLAZA HOMES's total support, Japan expats need not stress over buying property in Tokyo. We provide fluent English-language support, making any complicated real estate transactions easy to understand. Trust PLAZA HOMES to be with you, from start to finish and beyond

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Tokyo, Japan real estate leader PLAZA HOMES provides full English-language support and expert advice on Tokyo properties, making the buying process stress-free. Search our listings for Tokyo's best luxury houses and apartments, newly built condominiums, revenue-generating properties, undisclosed properties not publicly advertised, and more.

When a corporation earns income from renting its real estate property, the rental income is included in the total amount of income subject to corporate tax, resident tax, and business tax. Thus corporate and other taxes are imposed on its rental income at approximately 30%, the statutory effective tax rate.

The capital gains tax is imposed on gains from sales of real estate such as lands and buildings. In the case of an individual, real estate income is calculated apart from other income calculations. If the holding period of a property is five years or less, income tax of 30% and resident tax of 9% are imposed as a capital gains tax on the transfer of real estate. If the holding period of a property is more than five years, income tax of 15% and resident tax of 5% are imposed as a capital gains tax on the transfer of real estate. In the case of a corporation, the gain is included in taxable revenue to calculate the total amount of taxable income to determine the amount of corporate tax, for which an effective corporate tax rate of approximately 30% is applied.

A real estate acquisition tax is imposed only once when real estate such as land and buildings is acquired. Acquisition of real estate is defined as acquisition of ownership of real estate through transactions such as buying and selling, donations, exchanges, and construction (for new buildings, extensions, or alterations). If real estate is acquired by inheritance, this tax need not be paid. A standard rate of 4% (although special provisions present 3% for land and housing [up to March 31, 2018] and 4% for buildings other than housing) is applied against the real estate value.

When land and buildings are constructed or bought, registration and license taxes are imposed mainly for registration of preservation and relocation of ownership. The following tax rates are imposed against the real estate value for registration and license taxes.

A consumption tax is imposed on transactions such as the sale of goods and the supply of services in Japan. The consumption tax rate was raised to 10% on October 1, 2019. Whereas specific real estate transactions are subject to the consumption tax, others are not, as shown below.

When documents such as contracts and receipts are prepared, revenue stamps are required to be purchased and pasted on the documents and then postmarks need to be stamped on them. The following are the amounts of stamp tax required for documents related to real estate transactions.

Gift tax is imposed on the recipient of gifted assets. In cases where real estate such as land and buildings is obtained free of charge, and cases where the purchase money for real estate is donated, payment of the gift tax is required.

Inheritance tax is imposed when real estate such as land and buildings is acquired through inheritance. The taxable amount of total inheritance subject to the inheritance tax is calculated by deducting the basic deduction amount etc. from the total amount of inheritance. The basic deduction amount will be changed to the following starting January 1, 2015 because of a tax reform.

When a real estate transaction is concluded, a brokerage commission is required to be paid to the broker. The amount of this commission, whose upper limit is regulated by the Building Lots and Buildings Transaction Business Act, can be decided by the real estate company on its own as long as it does not exceed the limit.

Apart from other income, income earned by real estate sales is subject to income tax and resident tax. The income earned by sales is calculated by deducting acquisition expenses and sales expenses from the total amount earned by real estate sales. Acquisition expenses are expenses arising from the acquisition of the real estate and sales expenses include brokerage commissions paid to real estate companies, revenue stamp fees for sales contracts, and costs of surveying.

Real estate transactions require not only the payment of the sales price but many other kinds of expenses. To acquire a real estate property, the revenue stamp fee, payment of property tax and city planning tax, real estate broker commissions, the judicial scrivener fee (ownership relocation, mortgage establishment), and others will be required, along with other taxes such as registration and license tax, real estate acquisition tax, stamp tax, and consumption tax. To sell a property, sales income tax and resident tax (when gain is earned), the revenue stamp fee, real estate broker commissions, a registration fee for change of name, a mortgage cancellation fee, and other payments will be required.

The amount of real estate-transaction income, which is computed by subtracting the amount of expenses admitted to be necessary for the real estate renting from the earned amount, is subject to income tax and resident tax. The expenses admitted to be necessary include the property tax and city planning tax, consumption tax, tax accountant and lawyer fee (related to real estate renting), management costs, repair expenses, advertising expenses for recruiting tenants, and depreciation.

At the Board of Directors meeting held November 30, 2022, ARDEPRO Co., Ltd. (the Company) passed resolution for conclusion of purchase contract for the following one real estate property for sale. Also, the Company completed the settlement of purchase of one other real estate property for sale. At meeting of the Board of Directors, the Company resolved to conclude a real estate purchase contract with the seller, a company located in Tokyo, for the following real estate for sale located in Chiyoda-ku, Tokyo.

Land area (m2): 329.47. Under the terms of a confidentiality agreement concluded with the seller regarding the real estate purchase contract, the Company refrains from publishing the name of the seller and the purchase price of the property. The purchase price of the above property is an amount equivalent to 30% or more of the net assets of the Company in the fiscal year ended July 31, 2022 (7,612 million).

The Company has no capital or personal relationship with the seller. Date of conclusion of purchase contract: November 30, 2022 and Expected settlement date: By December 26, 2022. The Company settled the purchase of the real estate for sale in Nishinomiya-shi, Hyogo listed below from the seller (a company located in Tokyo).

Land area (m2): 297.27. Under the terms of a confidentiality agreement concluded with the seller regarding the real estate purchase contract, the Company refrains from publishing the name of the seller and the purchase price of the property. The purchase price of the above property is an amount equivalent to less than 30% of the net assets of the Company in the fiscal year ended July 31, 2022 (7,612 million).

BUYING UP JAPAN: Foreign Firms Snap Up Real Estate Bargains June 4, 1998 For post-bubble Ginza, yielding to foreign ownership may be an inescapable fate for its survival as the color-filled shopping promenade for the chic. (Kyodo) Foreign companies are stepping up their purchases of Japanese real estate, which has continued to drop in value. In a reversal of fortunes from the bubble days--when the soaring yen enabled Japanese firms to snatch up foreign property--America's financial giants, buoyed by a financial boom of their own, are increasingly choosing to channel surplus funds into Japan's real-estate market. They regard property values as having hit bottom and are hopeful of turning a profit when prices start rising again. A Plot in Ginza Even strips of the nation's priciest real estate--along the main thoroughfare in the Ginza shopping district--have been moving into foreign hands. Spiraling prices in this section of central Tokyo once epitomized the myth of ever-rising real-estate values. Foreign concerns have been purchasing prime plots since the beginning of this year, and the phenomenon has become a common topic of conversation among building owners and realtors of the area. The most prominent example involved a building among a row of luxury brand boutiques in the heart of Ginza. The building was sold late last year to the general agent for Hermes brand fashion products. A new boutique and Tokyo office of the Paris-based firm will be built on the property within two years. The 580-square-meter plot was bought for nearly 10 billion yen (74 million U.S. dollars at 135 yen to the dollar). While the purchase was rather hefty considering the lifeless real-estate market, the price was just one-fourth of what the property would have demanded during the height of the bubble days.Particularly bullish in the market for prime Japanese real estate are money-rich U.S. banks, securities houses, realtors, and mutual funds. They are snapping up the land, office buildings, and condominiums offered as collateral for loans that have become irrecoverable due to depressed real-estate values and the stagnant economy. Bargain-Basement Assets The inroads by American financial firms first came to light late last year, when a leading American securities firm spent just 4 billion yen (30 million dollars) to buy from a top Japanese bank nonperforming loans secured with real estate worth three times as much. Two other major Japanese banks were later found to have sold off to U.S.-owned financial institutions nonperforming loans backed by real estate worth 100 billion yen and 400 billion yen (741 million and 2.96 billion dollars), respectively, between last fall and this March. The prices paid for them are alleged to have been just 10% to 15% of the loans' principal. A U.S. investing firm announced in February, moreover, that it is looking to buy bad loans totaling more than 1 trillion yen (7.41 billion dollars) in principal. Just a decade ago, asset-rich Japanese were hoarding foreign assets around the globe, mostly real estate and famous artworks. The most symbolic was the acquisition of the Rockefeller Group, which in effect placed New York's Rockefeller Center in Japanese hands. The purchase touched off anti-Japanese sentiment in the United States, and the realtor that acquired the American landmark eventually suffered heavy losses when it sold most of the property six years later in 1995 at around half the purchase price.Foreign firms now acquiring Japanese real estate, by contrast, simply see the offerings as a good deal. They believe the market has bottomed out, and since the purchase price is often way below par, they can count on solid profits when the property is sold off. Japanese banks, moreover, are eager to sell these assets--even at below cost--as a way of unloading some of the nonperforming assets cluttering their books. Back to Main Index 041b061a72

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