Tax in English Part 22

In this issue, we report the results of our research on how the calculation of tax amounts differs between long-term and short-term transfers.

Calculation of Taxable Long-term Capital Gain = Calculation of Taxable Long-term Capital Gain

Amount of taxable long-term capital gain × 5% (15.315% for income tax and special income tax for recovery)

Amount of taxable long-term capital gain × 5% (15.315% for income tax and special income tax for reconstruction)

In short, it looks like 5% and 15.315%.

In contrast

Calculation of Taxable Short-term Capital Gain

Calculation of Taxable Short-term Capital Gain = Calculation of Taxable Short-term Capital Gain

Amount of taxable short-term capital gain × 9% (30.63% for income tax and special income tax for reconstruction)

Amount of taxable short-term capital gain × 9% (30.63% for income tax and special income tax for reconstruction)

What a surprise, 9% and 30.63%!

This indicates that a higher tax rate will be imposed if the property is sold within 5 years of purchase for the purpose of earning a profit, etc.

Next time, we will introduce English related to gains from the sale of stocks, which are said to be linked to real estate prices!