Tax in English Part 21

Generally, it is said that soaring stock prices and real estate prices are linked.

Due to the recent situation, we believe that more and more people are purchasing real estate purchases.

So this time,

This section introduces some English expressions related to capital gains on real estate.

The following is a list of English expressions related to capital gains on real estate.

Capital gains are income earned by transfer.

Capital gains are income earned by transferring assets such as real estate, machinery and equipment.

In principle, capital gains are aggregated with other income to calculate the amount of tax.

In principle, capital gains are aggregated with other income to calculate the tax amount.

In principle, capital gains are aggregated with other income to calculate the tax amount.

The capital gain on the land/buildings that were owned for over 5 years as of January 1 of the year when the transfer was made is considered as the long-term capital gain, while the capital gain on the land/buildings that were owned for 5 years or less is classified as short-term capital gain.

The tax calculation differs between these two categories.

The tax calculation differs between these two categories.

The tax calculation differs between these two categories.

See you soon!