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Real Estate Acquisition Tax
When you acquire property like land or buildings in Japan, Real Estate Acquisition Tax（不動産取得税）is charged by the local prefecture. This applies when you purchase, exchange, receive, or build new property. The tax amount is usually based on the value of the property, which is calculated using the fixed asset valuation. For residential properties, there may be some reductions. After the property is obtained, the local government will send a notice with the tax amount. Typically, the tax is paid in full, but in some cases, it can be paid in installments.
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