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Abenomics

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How much is property tax anyway here?

 

Say on a house that cost 30 million yen? Or does it not work like that?

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About 7%. Not really moanworthy, but a bit surprising, as my understanding was that they would generally go down over time, as depreciation kicked in.

Apparently not.

Or not any more.

 

I was thinking about this on the toilet this morning.

 

Surely as we are all very much appreciating Abenomics, not the other way round, they should be going up.

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Second hand houses might actually be going up a little in value, or at least not going down as fast, because there is no consumption tax when you buy one.

 

With the tax, a house built new next year will cost 5% more than one completed in March this year.

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How much is property tax anyway here?

 

Say on a house that cost 30 million yen? Or does it not work like that?

 

My guess would be somewhere around 10 man a year. The local government will do its own valuation, so it doesn't matter how much the house actually cost. Its how much the inspectors judge it to have cost.

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With the tax, a house built new next year will cost 5% more than one completed in March this year.

 

All the more reason to jolly well wait until next year to start a build!

 

:party:

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As we love Abenomics so much, we decided not to pay extra buy building our house before the tax was increased!!!!! Hehe.

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With all our salaries going up as well though, we should all be able to cope with these increases no problem.

 

Oh, hold on.....

 

:doh:

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I see, car tax goes up 10% once a car hits the age of 13.

Kind of like a Bar Mitzvah present or something, I guess.

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I see, car tax goes up 10% once a car hits the age of 13.

Kind of like a Bar Mitzvah present or something, I guess.

 

I never knew that. What a joke. A thirteen year old Prius (the saloon model) will still produce way less emissions than a new regular car of the same size.

There have been noises for a while about making the car tax related to CO2 emissions, but it never seems to happen. I reckon its because of pressure from the kei car makers, the big beneficiaries of the present system.

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It wasn't just a rubbisher vehicle was it? ;)

LOL. Thinking about it, it was probably because my old car was 13 years old!

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In more detail, gasoline and LPG powered cars get a 10% tax increase after 13 years.

Diesels after 11 years.

There is no increase with age for hybrids, all-electrics, natural-gas vehicles, buses, and certain towed-type construction and farm equipment.

 

Also, for this year only:

--Low-emissions vehicles get a 25% reduction.

--Super-low-emissions vehicles, plus electrics, plug-in hybrids and certain natural-gas vehicles, get a 50% reduction.

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My car tax went down by 12,000¥ this year. Is it because it's new?

If your new car is an eco car it will be cheaper.

My Delica is much bigger, heavier and has a bigger engine than the escudor I had before it but the tax is cheaper and especially the first year a new car if it comes under eco class will be very cheap.

It will go up the second year though.

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UK inflation rises to 1.8%, outstripping wages again

 

I jolly well hope that we beat the UK!

 

:grandpa:

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Can someone remind me when my income is going to rise?

 

In all the excitement, I have heard sod all about that.

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