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Taxes on Real Estate Purchases in Japan

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#1
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  • 2024/07/01 20:02

I just can't bring myself to move the yen right now because of the amazingly weak yen situation.
At the moment, I would like to buy a house in Japan to secure a place to stay in Japan, as I would like to live a hybrid lifestyle in the future.
In addition to the property tax in Japan,
are there any other taxes that would apply if I owned land in another country in the U.S. ？
Are there any documents that I need to obtain from the consulate or other authorities when I purchase a house in Japan?
Do I have to file a tax return with the IRS for deposits in Japan,
or do I have to file for land, houses, etc. ？
I would appreciate hearing from anyone who has had similar experiences, any problems, good or bad, etc.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

#2
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  • 2024/07/01 (Mon) 22:40
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> I just can't bring myself to move the yen right now because the weak yen situation is so great.

AI predictions say it will eventually reach 230 yen per dollar. If I don't move now, I will lose a lot of money.

> Do I have to declare my land, house, etc. ？

I heard that property tax in Japan was deductible in the US until a few years ago although I don't have to. I heard that if you rent out your house in Japan, you have to declare your rental income in the US.

>hybrid living

Do you have permanent residency in Japan? It would be miserable if you have a place to live in Japan but not the right to live there, like the Chinese who buy a bomb of Japanese real estate but cannot live in Japan.

This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)

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