GLOSSARY

Brokerage Commission

An upper limit of the amount is fixed by Building Lots and Buildings Transaction Business Law. Half of commission fee is paid at contract and balance payment is paid at complete of procedures.

a) under 2,000,000 yen = 5/100 (5%) + 8% consumption tax
b) between 2,000,000 yen – 4,000,000 yen = 4/100(4%) + 8% consumption tax
c) over 4,000,000 yen = 3/100 (3%) + 8% consumption tax

simple calculation
case 1. purchase price 50,000,000 yen
((price 5,000,000 yen x 3%) + 60,000 yen) x 8% = 1,684,800 yen

itemize
a) under 2,000,000 yen x 5% =100,000 yen
b) between 2,000,000 yen – 4,000,000 yen x 4% = 80,000 yen
c) over 4,000,000 yen x 3% = 1,380,000 yen

(a + b + c = 1,560,000 yen) x 8% consumption tax = 1,684,800 yen