In the past, real estate investment was also attracting attention as a "tax saving measure".
In particular, the so-called "Tawaman Tax Savings," in which luxury tower condominiums in the city center are purchased before inheritance and the appraised value is greatly lowered to reduce inheritance tax, has become a secret boom, especially among the wealthy.
However, in order to correct this "excessive tax savings", From 2024, the inheritance tax assessment method for sectional condominiums will be significantly revised. Was.
In this chapter, we will explain in detail the contents of the amendment and how it will affect our real estate investment.
Why changed? Problems with Tawaman Tax Saving
In the previous system, tower condominiums, etc. Sectional Properties is the inheritance tax valuation higher than the "prevailing price (sale price)" Significantly underestimated There was a trend.
For example, it was not uncommon for Tawaman, which was purchased for 300 million yen, to have a valuation of less than 100 million yen.
This is because the assessment is calculated based on the "property tax valuation" and "route value", and there was a discrepancy with the actual price.
Using this mechanism, Purchase a tawaman just before the inheritance to lower the valuation and save a lot of taxes This method is rampant. This was called "Tawaman Tax Savings".
How has valuation changed in 2024?
In the new system, in order to eliminate this gap, So that the inheritance tax valuation of sectional condominiums is closer to the actual price. It has been reviewed.
Specifically, a new indicator called "evaluation deviation rate" has been introduced. Conditions such as age of construction, floor, ownership ratio of the site Based on this, the appraised value is corrected.
As a result, many sectional condominiums are more Significant increase in inheritance tax valuation I will. Some of the most impacted properties include:
- It is shallow (the younger the building, the higher the correction rate)
- Located on a higher floor (the higher the floor, the higher the rating)
- Small land equity (= low value of land compared to building area)
What is the actual impact?
In the example of a tower condominium in the center of Tokyo (sale price: 340 million yen), the appraised value is Approximately 100 million yen under the old system → over 180 million yen under the new system It has been raised to:
The impact is that what was valued at 30% of the actual price has become more than 5%.
However, it has not yet reached the exact same evaluation as a detached house (= about 6% of the actual price).
Still, it is safe to say that the tax savings have clearly decreased.
Can sectional condominiums still be "used"?
Although the tax saving benefits have diminished due to the revision, the appeal of sectional condominiums has not been completely lost.
Especially Conveniently located property in the heart of the city and Family-friendly condominiums is still popular for the following reasons:
- Comparatively High liquidity Therefore, it is easy to sell in an emergency.
- It is easy to use bank loans, You can start with a small amount of your own money
- steady Easy to earn rental income
- Not only for investment, It can also be sold for home use.
In other words, it continues to be a viable option "not for tax-saving purposes, but as part of asset management and asset diversification."
Will it affect single-building investments and rental properties?
In addition, this revision is Sectional condominiums It is limited to the There is no direct impact on single-building apartments and detached rentals 。
As before, land will be evaluated based on the "route value" and buildings will be evaluated at the "property tax valuation", and if you are renting, you can also apply a write-down (up to 30%) of the land on which the house is rented.
What you mean The need for single-building properties will increase in the future as an inheritance measure. Possibly.
Summary: From tax savings to operational emphasis. Stance on future real estate investment
With the revision of inheritance tax assessments, the era of "buying real estate only for the purpose of tax savings" is coming to an end.
However, real estate is still a highly valuable physical asset, resistant to inflation, and a stable source of rental income.
What is important is not only "tax savings", but also Looking ahead to investment income, asset formation, and future utilization Think about investing.
With that perspective, real estate should continue to be a viable option in the future.
Next Time (Chapter 4) Now, let's dig deeper into the "unexpected pitfalls" hidden in such physical real estate investment. Let's take a look at some of the most common mistakes and points that are often overlooked.
📚 List of Real Estate Investment Series
