Japan Property Income Tax and Depreciation Calculator

Japan Property Income Tax Calculator, Including Resident’s Tax and Social contributions.

This Japan Property Income Tax Calculator (Historical) will help you understand how much tax is estimated to be payable and in addition it will help you estimate your Japan tax liability for properties in Japan depending on the composition of the building, when it was built and whether you own this property individually, jointly or via an offshore company.
Step 1 – Enter the relevant data below:
Ownership Type:
Purchase Type:
Date of Completion (※1):
Date of Completion (※2):
Date Property in Rental Pool:
Building Cost (in ¥ yen):
Land Cost (in ¥ yen):
Building Material:
Step 2 – Enter your property revenues and expenses for each year – ※This will only appear after Step 1 is completed.
Years
Total Revenue (in ¥ yen):
Total Expenses (in ¥ yen):
Depreciation:
Estimated Taxable Profit:
Comments/Notes:

Useful life of material types used for Depreciation.

Ownership type Building Material Useful Life Month Year N/S
Offshore Company Mainly wood (log cabin) 22 1 2000 New
Non-Resident Individual Concrete 47 2 2001 Second Hand
Metal 38 3 2002
Combination 4 2003
5 2004
6 2005
7 2006
8 2007
9 2008
10 2009
11 2010
12 2011
2012
2013
2014
2015
2016
2017
2018

Other Japan Tax Calculators

Consumption Tax Rebate Calculator (for Japanese property owners)
Individual vs Corporate tax Calculator (for Japanese property owners)
Japan Income Tax Calculator (for individuals)

For more detailed information visit our Japanese Income tax guides.  Alternatively, you can visit the Japanese Taxation office website for the latest up to date information.

Top 5 tips for buying rural property in Japan. What are the legal and tax implications?

1. Research the area and property thoroughly: Make sure to research the area and property you’re interested in purchasing, including the local climate, natural disasters, and potential hazards such as landslides or flooding. Also, consider the property’s condition, age, and any potential repairs or renovations that may be needed.

2. Hire a local real estate agent: Hiring a local real estate agent who is familiar with the area and the Japanese property market can be very helpful in finding the right property for you and helping you navigate the legal and tax implications of buying rural property in Japan.

3. Understand the legal and tax implications: Before purchasing rural property in Japan, it’s important to understand the legal and tax implications, including property taxes, inheritance taxes, and capital gains taxes. A local real estate agent or lawyer can help advise you on these issues.

4. Get a property inspection: Before purchasing a property, it’s important to have it inspected by a professional to ensure that there are no hidden issues or defects that could affect the value of the property or your ability to use it.

5. Consider the long-term: When buying rural property in Japan, it’s important to consider the long-term potential of the property, including its resale value and potential for future development. Keep in mind that rural properties may not appreciate as quickly as urban properties, but they can be great investments for those looking for a long-term investment.

In addition to the above tips, it is important to note that foreign citizens are required to obtain a special permission from the Ministry of Justice in order to purchase rural land in Japan. Additionally, it is important to note that the Japanese government has implemented a number of regulations and laws to control the development of rural areas, which may affect the use and development of the property. It is important to consult with a local real estate agent or lawyer to understand these regulations and laws before purchasing rural property in Japan.

The above Japan tax calculators are for informational purposes only. Any advice in this communication is not intended or written by us to be used, and cannot be used, for the purpose of (i) avoiding penalties that may be imposed by any governmental taxing authority or agency, or (ii) promoting, marketing or recommending to another party any matters addressed herein.The opinions and analyses expressed herein are subject to change at any time and are based on current market conditions. Any suggestions contained herein are general, and do not take into account an individual’s or entity’s specific circumstances or applicable governing law, which may vary from jurisdiction to jurisdiction and be subject to change.
No warranty or representation, express or implied, is made by SMEJapan, nor does SMEJapan accept any liability with respect to the information and data set forth herein.