Q: What are the tax implications for foreigners buying property in Japan?

A: Foreigners must pay the same taxes as Japanese residents, which include:

  • Acquisition Tax: This is paid one time after acquiring the property.
  • Fixed Asset Tax and City Planning Tax: These are annual taxes based on the assessed value of the property.
  • Registration and License Tax: This is paid when registering your property with the government.
  • Withholding Income Tax: If you sell your property and make a profit, you are required to pay income tax on the gains.


Q: What legal steps should a foreigner take for acquiring property in Japan?