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.