This is a one time tax that is paid to the prefectual government after purchasing property in Japan.  The tax is calculated on Tax Assessed Value rather than Market Value (TAV is usually much less than MV).

*This is for general information only, please consult a tax professional regarding your specific situation.

Individuals and corporations registered as owning property in the 1st of January each year are required to pay the Fixed Asset Tax (FAT) to the local council.  The standard rate is 1.4% of the Tax Assessed Value (TAV) which is evaluated by the local council and varies across Japan.
The tax bill is generally issued in May each year, and sent to the property owner directly or to their registered proxy in Japan.  

*This is for general information only, please consult a tax professional regarding your specific situation.

Japan has a consumption tax system (broadly similar to VAT/GST) at a rate of ~10%.  This amount is usually included in the List Price and will be deducted from Seller proceeds and paid at settlement.  We will show this amount on the Settlement Statement.

*This is for general information only, please consult a tax professional regarding your specific situation.

Upon sale there are two types of taxes due.  If you sell the property within 5 years, there is a 15% Capital Gain Tax on any profits from the sale.  If you sell after 5 years, then you will only have regular Income Tax Due for any profit on sale.  Generally you are taxed on the profits.

*This is for general information only, please consult a tax professional regarding your specific situation.

When a seller is a non Japanese Resident or Citizen, then 10% will be withheld from Seller Proceeds and paid by the buyer (from seller proceeds - no incremental cost to the buyer) to the Japanese Government.  The seller will then have this credit when they file their Japanese income tax filing.

*This is for general information only, please consult a tax professional regarding your specific situation.

Depending on the property usage by the owner, Annual Income tax filing may be required.  If the owner generates income from the use of the property (Long Term Rental or Mixed Use model), then there may be income tax filing required to the Japan government.

*This is for general information only, please consult a tax professional regarding your specific situation.