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Assessed when registering your right of ownership on land or real estate.

Taxpaters

Those registering real estate

Tax Payment

Tax rate tale(Main components of property register extracted)

Type of registration		Amount paid
Ownership transfer 　 registration	Succession,merger of corporations	Real estate price×0.4%
	gift	Real estate price×2.0%
	Sale&purchase	Real estate price ×2.0%
Right of ownership retention registration		Real estate price×0.4%
Registering the mortgage deed		Claimable asset amount×0.4%
Preliminary 　registration	For retaining ownership transfer or ownership transfei claim	Real estate price 1.0%
	Other preliminary registrations	1/2 the tax rate of definitive registration

Note 1:	the tax rate for the period from April 1,2006(H18) through March 31,2009(H21) is reduced to 1% for the transfer fo ownership by the sale of land and to 0.2% for the transfer of ownership by the trust of land. the tax rate for the period from April 1,2009(H21) through March 31,2010(H22) is reduced to 1.3% for the transfer fo ownership by the sale of land and to 0.2% for the transfer of ownership by the trust of land. the tax rate for the period from April 1,2010(H22) through March 31,2011(H23) is reduced to 1.5% for the transfer fo ownership by the sale of land and to 0.2% for the transfer of ownership by the trust of land.
Note 2:	The real estate value is normally that value(assessed value) shown in the fixed assets tax rolls.
Note 3:	Some provisions to reduce the tax burden apply for the registration license tax on mortgages related to the transfer of registration for residential housing as well as lending of housing capital.

[Due Date and Tax Payment Procedures]
Pay your tax in cash and attach your receipts to your registration application form.Where the tax amount is \30,000 or less,you also have the option of tax payment by stamp.Inquire with the taxation office or Legal Affairs Bureau(see pages 77 and 78 for details).

Exemption on Housing Used as Residence

A reduced tax rate is applied for housing built or acquied for the taxpayer's own use as a residence ,provided that a certain set of conditions are met. To qualify for this exemption,the Certificate of Residence Housing,issued by municipal offices,is required at registration.

Special Tax Breaks for Long-Term Durable Housing

Tax breaks are available for new residential buidings meeting the criteria for long-term durale housing,as noted in laws designed to facilitate the propularization fo long-term durable housing,starting the day the laws are enacted through March 31,2010(H22).


Issued September2008(H20)
Edited and Issued by：
General Affairs Section, General Affairs Division
Tokyo Metropolitan Government Bureau of Taxation