Capital Gains Tax on Real Estate (Business Use)
Author: numeriExecutions: 22028
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Calculates capital gains, income tax, and resident tax resulting from the sale of commercial real estate.
Building renovation (remodeling) costs are not taken into account.
Building depreciation is calculated using the straight-line method.
Building depreciation is calculated using the straight-line method.
| Useful Life | , Depreciation Rate (Straight-Line Method) |
| Number of years elapsed | , Depreciation Expense yen |
| Capital gain | yen |
| Capital Gains | yen, Ownership Over a year |
| ------------------ | |
| Income Tax | yen, |
| Resident Tax | yen, |
| Total Tax | yen, |
・Acquisition Cost = Land Price + Building Price – Depreciation + Purchase Expenses
・Capital Gain = Sale Price – Acquisition Cost – Sale Expenses
・Income Tax and Resident Tax levied on capital gains
Short-term capital gains (held for 5 years or less): 30.63% + 9%
Long-term capital gains (held for more than 5 years): 15.315% + 5%
For holdings of more than 10 years, up to 60 million yen: 10.21% + 4%
・Capital Gain = Sale Price – Acquisition Cost – Sale Expenses
・Income Tax and Resident Tax levied on capital gains
Short-term capital gains (held for 5 years or less): 30.63% + 9%
Long-term capital gains (held for more than 5 years): 15.315% + 5%
For holdings of more than 10 years, up to 60 million yen: 10.21% + 4%
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