SUMMARY OF TRANSACTION COSTS AND TAXES

1. Acquisition Tax

Buyers of residential property are subject to one-time acquisition tax of 1.5% of the government valuation of the land and 3% of the value of the building.

The government valuation is usually about 60-80% of the market price of the property. This tax is paid to the local government and is usually due within six month of the purchase.

2. Registration Tax

The transfer of a property incurs registration tax.  Currently the tax is 2% of the government valuation of land and 1.3% of the value of the building.

3. Stamp Duty

Stamp duty is levied on the sale contract and mortgage agreement and varies on the contract type and amount.

4. Judicial Scrivener Fees

The Judicial Scrivener acts like a solicitor to settle and register the property transaction.  The fees vary depending on the size and complexity of the transaction.

5. Agents Fees

Agent  fees are set at 3% of sale price + JPY 63,000.

SUMMARY OF TRANSACTION COSTS AND TAXES

1. Acquisition Tax

Buyers of residential property are subject to one-time acquisition tax of 1.5% of the government valuation of the land and 3% of the value of the building.

The government valuation is usually about 60-80% of the market price of the property. This tax is paid to the local government and is usually due within six month of the purchase.

2. Registration Tax

The transfer of a property incurs registration tax.  Currently the tax is 2% of the government valuation of land and 1.3% of the value of the building.

3. Stamp Duty

Stamp duty is levied on the sale contract and mortgage agreement and varies on the contract type and amount.

4. Judicial Scrivener Fees

The Judicial Scrivener acts like a solicitor to settle and register the property transaction.  The fees vary depending on the size and complexity of the transaction.

5. Agents Fees

Agent  fees are set at 3% of sale price + JPY 63,000.

SUMMARY OF

TRANSACTION COSTS AND TAXES

1. Acquisition Tax

Buyers of residential property are subject to one-time acquisition tax of 1.5% of the government valuation of the land and 3% of the value of the building.

The government valuation is usually about 60-80% of the market price of the property. This tax is paid to the local government and is usually due within six month of the purchase.

2. Registration Tax

The transfer of a property incurs registration tax.  Currently the tax is 2% of the government valuation of land and 1.3% of the value of the building.

3. Stamp Duty

Stamp duty is levied on the sale contract and mortgage agreement and varies on the contract type and amount.

4. Judicial Scrivener Fees

The Judicial Scrivener acts like a solicitor to settle and register the property transaction.  The fees vary depending on the size and complexity of the transaction.

5. Agents Fees

Agent  fees are set at 3% of sale price + JPY 63,000.