1. What is stamp duty?

Stamp duty applies to real estate sales contracts. It is a tax paid to the government by affixing revenue stamps to the contract documents.

2. Typical tax amounts

For contracts exceeding 10 million yen up to 50 million yen, the duty is 10,000 yen.

For contracts exceeding 50 million yen up to 100 million yen, it is 30,000 yen.

For contracts exceeding 100 million yen up to 500 million yen, it is 60,000 yen. As the transaction amount rises, the duty also increases, so preparation is required according to the deal size.

3. Example

When purchasing a condominium for 80 million yen, the stamp duty was 30,000 yen. Since two original contracts were created, both required stamps, resulting in a total burden of 60,000 yen.

Conclusion

Stamp duty is an unavoidable cost when signing contracts. It is essential to confirm the required amount in advance based on the contract price. Even though the duty may seem small, each original contract requires payment, so including it in your purchase planning will help avoid surprises.