In general, this is called the income derived by transfer the assets of land, buildings, stock, and golf club memberships.

The capital gains is calculated as follows.

Amount of total receipts – ( Acquisition fee + Transfer cost ) – Special deduction = Taxable capital gains amount

The term refers to suit the inhabitants’ tax and prefectural tax in the tax of Japan.

This tax and prefectural residence tax are collectively referred to as residence tax, and both are calculated based on a person’s income in the previous year. Procedures related to residence tax—from tax returns to tax payments—are administered by the city.

Sales tax and local consumption tax are levied on the goods and services you purchase. And sole proprietors are to file the taxes.

The taxes are levied based on taxable sales without sole proprietors’ expenses.

The fixed asset tax are levied every year on those who own land, buildings, or amortized assets (known as “fixed assets”) as of January 1. These taxes are calculated according to the value (fair current price) of the fixed asset.

The city planning tax is levied to cover the expenses associated with city planning projects and land readjustment programs. Tax notices about the fixed asset tax and city planning tax are mailed from the Municipal Taxation Office or Municipal Taxation Branch Office.

Taxes are usually paid in four installments during the year—in April, July, December, and February—by the deadline of the payment month (the last day of the month).

It is a tax (prefectural tax) which “the all prefectures the real estate carries out [ all prefectures ] the whereabouts” imposes on the person who acquired real estate.

When cities, towns and villages acquire real estate unlike the fixed property tax which imposes a tax every year, it pays only once.