The application form for a target property is submitted to Izumikyo.
Explanation of Important Matter is conducted before conclusing Sale & Purchase Contract
For a house, the property keys and related documents are delivered in exchange of the balance and fee payments.
The application of an ownership transfer is usually submitted by a judicial scrivener to Legal Affairs Bureau
Required Document
* Address Registration, Seal, Justificaiton for Registry (Sale&Purchase Contract, Registery Justification Information)
The registration identification document (Register Closure Document) is delivered after the property ownership transfer is completed. This document must be kept safe since it proves the ownership of property.
All purchase transaction is completed
This tax is applied to official documents designated as taxable by laws such as Sale&Purchase Contract and Financing Contract.
This is tax for registrations such as Ownership Preservation and Ownership Transfer required for purchasing land or building.
This tax is applicable to the real estate acquisition through purchase and transfer of a property.
The consumption tax is for business transaction within Japan. The land puchase is excluded. However, the selling of house and associated mediation fees will be subject to the consumption tax.
The tax is applicable even in a year of real estate, land and/or house. The tax is prorated.
A person who owns a property as of January 1st of the year becomes the tax payer responsible for Fix Assets Tax and CIty Planning Tax.
CIty/Wrd/Town/Village will calculate the tax amount and notify to the responsible tax payer. THe tax payment is to be made according to the tax notification.
Fixed Assets Tax as well as CIty Planning Tax are based on the standard taxable property value and it is being reviewed every year. Thus, the tax amount will vary according to the change in the standard taxable property value.
Tax Amount : Standard Taxable Property Value x 1.4%
(for the case of Fix Assets Tax)