What should I do if the Japanese real estate certificate expires?
Some people say that when buying a house in Japan, it is best to buy land immediately in Japan. After all, houses are used everywhere in Japan, which means that the useful life of real estate is related to the length of land use. However, there is one thing to note. In fact, after purchasing Japanese real estate, it generally has permanent property rights. Yes, it has the same permanent property rights as real estate in the United States, and here in Japan, if you don’t want to sell the real estate, you can still pass it on to future generations.
The basis is that the house can still be used in the near future 70 years later. After all, most buildings in Japan are designed to have a service life of 50 years. After 50 years, you will need to spend a certain amount of money to repair and renovate the house. However, according to relevant Japanese laws and regulations, when it comes to renovation and maintenance, it is best to take the design drawings to the local government. Renovation can be avoided if it is allowed. Penalty and reduce unnecessary expenses.
The service life of real estate is also related to the type of real estate application. For example, the service life of residential land is 70 years, and the service life of industrial land is 50 years later. And commercial land for cultural education, high-tech, culture, sports, comprehensive and other aspects will be around 50 years. Even for commercial services, tourism, games and entertainment, the minimum period for commercial land use is 40 years.
And it is necessary to know the age of the house, so that there is not much worry and confusion about the type of property to buy. If you want to buy a real estate in Japan, it is best to choose an apartment building. After all, the apartment building will be used for 70 years, and the price is still valid. For example, the price of an apartment in Tokyo, the capital of Beijing, is more than 500,000 to 1 million yen.
What should we do when the land use period expires? In fact, there is no need to worry about this. Generally, the land can be re-owned by paying land use fees later. Japanese contract law has specific provisions on this aspect, and when applying, it is best to apply for renewal one year after the expiration, so that you can finally prepare enough time to renew the contract, etc. How to collect real estate tax in Japan ?
1. In Japan, real estate tax is divided into two categories, namely fixed assets tax and urban planning and construction tax. Land in Japan is publicly owned. Once you buy it, it belongs to your ancestors for generations. Of course, your ancestors will have to pay property taxes. At present, Japan’s standard fixed asset tax collection rate is 1.4%, and the modern urban overall planning tax collection rate is limited to 0.3%. In actual implementation, the actual tax rate in each place is slightly different.
2. However, the tax standard for land resources and houses is based on value tax, which is called "moderate market price" in Japan. Japan generally conducts a basic assessment every three years. The initial pricing is called the standard annual value, and the price for that year is called the standard annual value. In the next two years, if there are no important changes, there will generally be no revaluation.
3. Fixed asset tax: The nominal tax rate is 1.4%, but the calculation is very complicated. It is based on the reconstruction cost calculated by professionals and the depreciation rate to arrive at a taxable rate. The annual quota is something close to the intrinsic value called "fixed capital review". On average, it is equivalent to about 70 to 80% of the price of a new real estate. Taxes are paid separately on the land and the houses above. What are the conditions for buying a house in Japan?
1. Japan does not have many restrictions on the purchase of real estate. Chinese people without a US green card can also purchase Japanese real estate. Japan’s real estate industry is relatively free and open to the outside world, and the district governments basically have no regulations. Information similar to "House Purchase Indicators". Therefore, if Chinese people want to buy a house in Japan, they only need to prepare a lot of money and find a suitable real estate agent, and "everything will go well".
2. Immigration investment is not allowed when buying a house: Foreigners can buy a house in Japan, but they cannot take this opportunity to obtain a real Japanese identity. Having property rights is different from having the right of residence: in Japan, you can buy houses with property rights or residence rights. Houses with property rights can satisfy community owners to trade and rent freely, but houses with residence rights only have property rights of more than ten years. You can only rely on the property neighborhood committee for leasing, and the price is several times more cost-effective than a house with property rights.