10% consumption tax Measures to prevent housing and automobile sales from falling October 1 at 0:45

For purchases of houses and automobiles that are expensive and have a large impact on tax increase, measures will be implemented in both taxation and budgetary measures to prevent a drop in sales.

Residential

For those who have purchased a detached house or condominium with a loan, the “mortgage tax cut” will be expanded to reduce the income tax.

The maximum tax is 500,000 yen per year for 10 years, but after raising the consumption tax rate, the tax reduction period will be extended for 3 years. During these 3 years, a certain amount of 2% of the building price will be the maximum. The tax will be reduced.

In addition, “next-generation housing points” will also be held, where you can receive points that can be exchanged for products when you build or renovate a house with high environmental performance and earthquake resistance.

In addition to new construction and renovation of houses that meet national standards for energy saving performance, etc., renovation that installs system kitchens with dishwashers, home elevators and other facilities that lighten the burden of housework and nursing care is.

In addition, if a person who has less than a certain level of income purchases a house, the “sore benefit” that provides cash will be expanded and the upper limit of the benefit will be raised from ¥ 300,000 to ¥ 500,000.

The number of eligible people will also increase from those with annual income of 5.1 million yen or less to people with income of 7.75 million yen or less.

Car

The “automobile tax”, which is taxed every year by the person who owns the car, will be permanently reduced.

For those who purchased a new car after raising the consumption tax rate, the tax will be reduced from 4500 yen to 1000 yen per year depending on the displacement of the car.

For example, the tax amount for a car with a displacement of 1500 CC is 30,500 yen. In addition, instead of the "automobile acquisition tax", the tax based on fuel efficiency performance introduced from this month, "Environmental Performance Discount", will be reduced by 1% for the first year only.