Major Changes in Municipal Tax and Metropolitan Inhabitant Tax in 2015
Updated: January 8, 2015
Extension and Expansion of Home Loan Deduction
Housing loan deductions for individual city and metropolitan inhabitant taxes have been expanded as follows.
・Extension of application period: The application period for home loan deductions for individual city and metropolitan inhabitant tax has been extended to move-in until December 31, 2017.
・Increase in the deduction amount: For those who moved in between April 1, 2014 and December 31, 2017 and purchased a house with a consumption tax rate of 8% or 10%, the deduction amount will be calculated. The application rate of the tax has been raised to 7%, and the deduction limit has been raised to 136,500 yen.
| Special deduction for housing loans, etc. Individual inhabitant tax deduction limit | ||||
|---|---|---|---|---|
| Date of residence | Housing classification | Borrowing limit (income tax) | Deduction limit for each year (income tax) | Individual inhabitant tax deduction limit |
| From January 1, 2014 to March 31, 2014 | Ordinary housing | 20 million yen | ¥ 200,000 | Income tax taxable gross income amount x 5% (upper limit 97,500) |
| certified housing | 30 million yen | 300,000 yen | Income tax taxable gross income amount x 5% (upper limit 97,500) |
|
| From April 1, 2014 to December 31, 2017 | Ordinary housing | 40 million yen | 400,000 yen | Income tax taxable gross income amount x 7% (upper limit 136,500) |
| certified housing | 50 million yen | 500,000 yen | Income tax taxable gross income amount x 7% (upper limit 136,500) |
|
Remarks: Certified housing refers to certified long-term excellent housing and certified low-carbon housing.
Remarks: The amount in the column from April 1, 2014 to December 31, 2017 is the amount when the tax rate such as consumption tax is 8% or 10%.
Application of the main tax rate for dividends and capital gains on listed stocks, etc.
As of December 31, 2013, special measures for the 10% reduced tax rate (income tax 7%, individual inhabitant tax 3%) pertaining to dividends and capital gains from listed stocks were abolished.
After January 1, 2014, 20% of the main tax rate (15% income tax, 5% individual inhabitant tax) will be applied.
| Tax rate pertaining to transfer income, etc. of listed stocks, etc. | ||
|---|---|---|
| Division | Before revision (until December 31, 2013) | After revision (from January 1, 2014) |
| Sale, etc. through a financial instruments business operator, etc. | 10% (income tax 7%, |
20% (income tax 15%, |
| Other than sales, etc. through financial instruments business operators, etc. | 20% (income tax 15%, |
20% (income tax 15%, |
Remarks: Special income tax for reconstruction (0.147% in 2013, 0.315% from 2014) will be added until 2047.
| Tax rate pertaining to dividends of listed stocks, etc. | |
|---|---|
| Before revision (until December 31, 2013) | After revision (from January 1, 2014) |
| 10% (income tax 7%, individual inhabitant tax 3%) | 20% (income tax 15%, individual inhabitant tax 5%) |
Remarks: Special income tax for reconstruction (0.147% in 2013, 0.315% from 2014) will be added until 2047.
Inquiries about this page
Inagi City Citizens Department Taxation Division
2111 Higashi Naganuma, Inagi City, Tokyo
Phone: 042-378-2111 Fax: 042-370-7055
