Japan Wealth & Property Tax
Detailed wealth & property tax rates and rules for Japan.
Wealth Tax
Japan does not impose a net wealth tax. However, residents with overseas assets exceeding ¥50 million at year-end must file an Overseas Asset Report (kokugai zaisan chosho). Additionally, individuals with total assets of ¥300 million or more, or those holding exit-taxable financial assets of ¥100 million or more, may be subject to reporting requirements and departure (exit) taxes on unrealized gains.
Wealth Tax Rate
0%
Inheritance / Estate Tax
Japan levies inheritance tax on a progressive scale with rates ranging from 10% to 55%. The tax applies to the total value of inherited assets after a basic exemption of ¥30 million plus ¥6 million per statutory heir. Beneficiaries who are neither residents of Japan nor Japanese nationals may still be subject to inheritance tax on assets located in Japan. Gift tax also applies on a progressive scale from 10% to 55%, with an annual exemption of ¥1.1 million per recipient.
Top Rate
55%
Property Tax
Municipal fixed-asset tax (kotei shisan zei) is levied at a standard rate of 1.4% of the assessed value of land, buildings, and depreciable business assets. An additional city planning tax (toshi keikaku zei) of up to 0.3% may also apply in urban planning areas. Assessed values are typically well below market value and are reassessed every three years.