Capital Gains Tax on Real Estate (for Primary Residences)
Author: numeriExecutions: 7123
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This calculator computes capital gains, income tax, and resident tax resulting from the sale of non-business real estate, such as a primary residence or second home.
Building renovation 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, Ownership Over a year |
| Taxable Capital Gains yen(30 million yen deduction applied) | |
| ------------------ | |
| 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
・Taxable Capital Gain = Capital Gain – 30 million yen
・Income tax and resident tax levied on taxable capital gain
Special deduction of 30 million yen(Conditions apply)
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
・Taxable Capital Gain = Capital Gain – 30 million yen
・Income tax and resident tax levied on taxable capital gain
Special deduction of 30 million yen(Conditions apply)
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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