Transfer tax will be imposed on profit from real estate property sales.
Sales price – (Purchase Price + Closing Costs for purchase + Closing Costs for selling + Depreciation costs) =Transfer Revenue
Tax rate differs if it’s classified as “Long term transfer revenue” or “Short term transfer revenue”.
<div class=”box_brown”>Long term transfer revenue: Own Period is more than 5 years 20%
Short term transfer revenue: Own Period is 5 years or less than 5 years 39% </div>
※Own period is calculated not for the period until the transfer date but until “January 1 of the transfer year”.