Property Selling Costs and Taxes

In order to sell a property, it is required that miscellaneous expenses such as agent commissions, taxes, ect. are calculated.

This page explains necessary costs and taxes for the selling of property in Japan, including explanations and examples.

Costs and taxes required in selling a property

The table below describes property selling costs and taxes for each stage of the property selling process; from the signing of a contract to the filing of an income tax return.

When signing a contract

When the remaining balance is settled

When filing an income tax return

Other Costs

Examples of property selling costs and taxes

When you sell a property in Japan, miscellaneous costs such as commissions and taxes will arise. Your net profit is the amount from deducting miscellaneous fees and taxes from the sales price. Here are the examples of the necessary costs and taxes for selling a property in Japan.

• House
• Apartment

Property summary
Property type	House built in 2006
Land area	73.31 sq.m.
Size of the house	93.96 sq.m.

*case with capital gain not arising

Selling Price	¥70,000,000
Costs	¥2,786,000
Net Profit	¥67,214,000

Miscellaneous Costs
When signing a contract	Stamp duty	¥45,000
When balance is settled	Agent commission	¥2,376,000
	Disposition of mortgage fee	¥15,000
When filing an income tax return	Capital gain tax on property	None if selling profit is not gained
Other costs	Surveyor’s commission	¥250,000 in the case of restoring 2 boundary points.
	Moving costs	¥100,000 dependent on the amount of stuff you move
Total		¥2,786,000

Please be advised that above example is for reference purposes only and the situation may vary depending on the property and the financial institutions.

Property summary
Property type	Apartment built in 2000
Land area（proportion of ownership）	13.10 sq.m.
Size of apartment	32.75 sq.m

*case with capital gain not arising

Selling Price	¥29,500,000
Costs	¥1,119,500
Net Profit	¥28,380,500

Miscellaneous Costs
When signing a contract	Stamp duty	¥15,000
When balance is settled	Agent commission	¥1,039,500
	Disposition of mortgage fee	¥15,000
When filing an income tax return	Capital gain tax on property	None if selling profit is not gained
Other costs	Surveyor’s commission	None
	Moving costs	¥50,000 dependent on the amount of stuff you move
Total		¥1,119,500