tax relief for housing will happen next year (1)

Method of being decided the tax system amendment of next year

Every year the tax system amendment demand book is submitted to the financial affairs ministry to around 8 ends of the month, from each ministry and board.On the basis of the contents, examination is done at the tax system committee and the government agency of government and the ruling party, is decided with the tax system amendment general principles which the ruling party announces in December.As for tax system amendment general principles 2007, it can verify in the Liberal Democratic Party home page.

Actually after that, the bill is submitted by the ordinary diet session which is summoned in next year January, after being approved with group of people going/participating both institute, is enforced, reaches the point where it can receive the benefit of tax reduction.

Because this time, the opposition party has occupied majority or more with House of Councillors, not only the bill just of government and the ruling party, the bill about of every opposition party is interwoven, it is the interesting place.

In any case, because in August from the national traffic ministry 2008 tax system amendment demand principal item which is put out becomes the basis of tax system amendment of next year, it is important to understand the contents well.

Summary of the tax system amendment demand principal item by 2008 national traffic ministry

On 2007 August 29th in the tax system amendment demand principal item which is announced, it tries collecting the item regarding the residence first from the national traffic ministry.the actual contents homepage of the ministry of land, infrastructure and transport is possible to check in.
at this stage it is not a formal decision items that have been, a good idea to check the contents.

1.items that are new
(1)residential long-life ( 200year housing ) promote the creation of tax
(2)promote the creation of tax relating to residential energy-saving refurbishment

2.item to be considered
(1)on the handling of tax burden measures relating to housing consumption

3.items to be expanded
(1)promote expansion of the tax system relating to residential seismic retrofitting

4.items that are extension
(1)extension of tax relief measures in new housing fixed assets
(2)extension and expansion of special measures relating to gift tax funds to acquire housing, etc.
(3)license tax matters pertaining to the registration of land and buildings, extension of special measures of real estate acquisition tax

5.items to be reviewed
(1)review of stamp duty according to the contract, such as real estate transfer

following page in, we will use the description for each item.

residential long-life ( 200year housing ) promote the creation of tax

in order to achieve prolonged the life of the housing, durability, due to the share and the proper maintenance of high-quality housing with renovation and remodeling is easy to performance and seismic safety, registration and license tax according to the housing certified to meet certain criteria, real estate acquisition tax, about taxes such as property tax, than conventional houses in the special case of the current, is to establish a special measures to reduce the tax burden further.

the target existing residential housing or maintenance of new homes meet the appropriate criteria has been carried out (used house) it will be, specific criteria is currently pending.

the way, the current special measures are as follows:.

registration and license tax
registration of ownership save when you register the new buildings (special case0.15% main rules0.4%)
registration of transfer of ownership when you purchased the land and buildings (special case0.3% main rules2.0%)
registration when a mortgagor of the mortgage borrowed (special case0.1% main rules0.4%)

real estate acquisition tax
from the assessed valuation of the building1200levied on the amount obtained by deducting ten thousand yen

fixed asset tax
detached newly built wooden3fy, new construction3storey apartment is more than5tax year is minute1/2reduced to

200year housing and is?

here, 200year housing you have explained.

2007years5housing and land committee of the liberal democratic party in may (chairman yasuo fukuda) is announced12there is a policy recommendation of the item, make the break from flow-consuming society make a good thing, to the proper care, important to use long in order to achieve a shift to stock-based society, philosophy has been a shift to policy-oriented housing stock.

12policy recommendation of the item are as follows:.

proposal1 formulation of guidelines super long-term housing
proposal2 resume the development of housing
proposal3 construction of new management methods and right setting method for the proper maintenance and management of condominium
proposal4 development of support system reform, development of long-term repair plan, etc., enhancement of home improvement loan
proposal5 provide information on performance and quality of existing housing
proposal6 provide information about trading of existing housing
proposal7 development of two regional support system of residence-living change, development framework to support the changing residential mortgage
proposal8 200year housing (skeleton infill housing) development framework of housing loans to support the construction and acquisition of
proposal9 200structure of a new loan mechanism is provided by utilizing the asset value of the house years
proposal10 200reduce the tax burden according to the housing year
proposal11 200leading the implementation of the business model for diffusion-year implementation of housing
proposal12 formation and maintenance of a good town

“residential long-life ( 200year housing ) promote the creation of tax”is, this policy recommendation12item will be the ministry of land, infrastructure and transport was examined based on the.

following page in, another item is founded”promote the creation of tax relating to residential energy-saving refurbishment”and, item to be considered”consumption tax on housing”will discuss.

promote the creation of tax relating to residential energy-saving refurbishment

as part of the prevention of global warming, the household sectorCO2in order to reduce emissions, existing house (used house) in, refurbishment of certain energy saving (and wall insulation, such as mosquito mosquito double sash windows) if you make a, you created the following special measures for fixed asset tax and income tax.

income tax
of the costs required for the energy-saving refurbishment10%equivalent (limit20million yen) tax credit to

fixed asset tax
3tax year is minute1/2reduced to

to this special background is founding, 2005the household sector in fiscal yearCO2emissions, 1990years compared with37%you may have increased. the total greenhouse gas emissions by the kyoto protocol2008from year2012of the year1commitment period1990from year6%and to reduce, heisei18years9a certain energy measures have been approved by the cabinet in may (use of double glazing and sash) the ratio of the housing stock has taken, heisei15at the time of year18%the period from27a year40%in order to achieve the goal of the, that mean you want to be promoted by special measures on the tax.

on the handling of tax burden measures relating to housing consumption

the consumption tax is the purchase of land are not taxed, purchase or construction cost of the building to be taxed so, measures on housing consumption tax will be very important.
purchase or construction cost of the building currently, in addition to various fees5%taxation has been. minutes so that the responsibility of the purchase and consumption tax will be raised, you need a good watch or what measures are.

to request the ministry of land, infrastructure and transport in this matter are quoted as follows:.

consumption tax on the burden of housing, based on such fundamental reform of the tax system, including the consumption tax, take the prescribed treatment.

first, “fundamental reform of the tax system, etc., including the consumption tax”why what kind of moth, the discussion will be looking at the financial future of the current japanese, at the moment not clear.

as well as special measures under the consumption tax on housing, would say that it is important to know well what happens to the fundamental reform of the tax system, including the consumption tax first.

remaining”items to be expanded”, “items that are extension”, “items to be reviewed”about, tax relief for housing will happen next year(2) the explanation is.