Stamp Tax (stamp duty)
Today, we will explain the stamp tax (stamp duty) that will be affixed to the contract when you make a purchase or sale of real estate. At the time of a real estate sales contract, both the buyer and the seller will sign and seal the contract, and store each part. At that time, it is obligatory to affix a stamp to the contract kept by each. You can pay the tax by purchasing the stamp tax, attaching it to the contract, and postmarking it.
The documents that require stamp duty are the 1st document to the 20th document, and the real estate sales contract corresponds to the 1st document of the stamp tax list. There are four types of documents that correspond to the first document.
1 Real estate, mining right, intangible property right, ship or aircraft, or contract for transfer of business
2 Contract for setting or transferring land rights or land lease rights
3 Consumption loan agreement
4 Transportation contract
Stamp tax is also explained as follows.
Stamp tax is levied on certain documents such as contracts, bills and share certificates. As a rule, the tax is levied by affixing revenue stamps covering the amount equal to the stamp tax to those documents. However, in certain cases, such as when many taxable documents are processed repeatedly, taxpayers may, for convenience, choose self-assessment or payment in cash. Tax rates vary from 200 yen to 600,000 yen per document. Revenue stamps are also used for payment of registration license tax levied when registering the establishment or transfer of property rights and for payment of national examination fees.
OUTLINE OF TAX ENFORCEMENT
The table below shows the actual amount of stamp duty.
The deadline for applying special measures for stamp duty reduction has been extended to March 31, 2022.
Reduction of Stamp Duty on Real Estate Sales Contracts
Therefore, the amount of money stated in the real estate sales contract will be paid against the above table.
Generally, agents will purchase it in advance at a post office and bring it with you at the time of contract. The buyer/seller will only pay and will also postmark when signing the contract.
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Arrows International Realty Corp.
Real Estate agent in Kyoto, Buy and Sell, Leasing, Renovation and Construction, Management for Investment and Vacation Property, Professional Services for International Customers. We deal in KyoMachiya houses, detached and attached Houses, new and old Condominium Apartments, Block of Apartments and Buildings for Commercial, Residential and Investments use, Manage and Support Operation and New Development of Guesthouse, Ryokan and Hotel, Total Supports for Land and Buildings Real Estate in Kyoto.
Yours sincerely, Founder Ken Hayashi
Real Estate Broker Company License No. Kyoto-Fu Governor ( 1 ) 14044 , Member of Kyoto Association of Residential Land Building Business