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About exception of depreciable assets in place of depreciable assets damaged by typhoon 15, 19 in 2019

About exception of taxation standard of depreciable assets in place of depreciable assets damaged by typhoon 15, 19 in 2019 (Local Tax Law Article 349-3-4)

Last Updated January 21, 2020

Overview of special cases

Owners of depreciable assets lost or damaged by typhoons No. 15 and No. 19 in 2019 acquire depreciable assets in place of the damaged depreciable assets within certain affected areas by March 31, 2024 In the case of improvement, special measures can be taken to reduce the standard tax amount for the four years after acquisition to one half.
In order to receive the exception, it is necessary to submit a declaration.

About this special measure

1 Applicable area

Municipalities affected by typhoons No. 15 and No. 19 in 2019 and applied to the survivors Life Reconstruction Support Act

2 Eligible acquisition period

From September 9, 2019 to March 31, 2024

3 Applicable depreciable assets

  1. Depreciable assets recognized by the mayor that the depreciable assets damaged by typhoons No. 15 and No. 19 acquired during the period covered by 2 and replaced the lost or damaged depreciable assets
  2. The portion where the damaged depreciable assets have been improved within the period covered by 2.

However, it shall be limited to depreciable assets damaged in “1 Applicable Areas”.

4 Period in which the exception is applied

Four years from the year in which the first property tax is imposed after the date on which the depreciable asset is acquired or improved.

5. Special rate applicable

1/2
Provided, however, that in the case of depreciable assets subject to the special provisions stipulated in Article 349-3 of the Act or Articles 15 to 15-3 of the Supplementary Provisions, half of the amount assumed to be the tax base pursuant to the provisions of that Article 1).

6 Applicable owners, etc.

  1. Owners of the lost or damaged depreciable assets (hereinafter referred to as “disaster depreciable assets”)
  2. If the damaged depreciable asset is deemed to be a common property pursuant to the provisions of Article 342, Paragraph 3 of the Act, the buyer of the damaged depreciable asset
  3. If the person listed in item 2 above is an individual, the heir of the person when the person is inherited.
  4. Persons listed in item 1 or item 2 (a corporation that survives after the merger prescribed in this item or a corporation established by the merger or a split succession corporation (a split succession corporation prescribed in Article 2, Item 12-3 of the Corporation Tax Act) )) Is a corporation, and the corporation that survives after the merger or a corporation that has been depreciated due to the merger when the corporation disappears due to the merger or a corporation split or a corporation or a corporation or a corporation that has been established by the merger

7 attached documents at the time of special application

  1. Depreciable asset tax standard exception Assets registration form and statement (to the style download page)
  2. certificate of damage / disaster (to the explanation page of certificate of damage / disaster) or documents proving that depreciable assets have been lost or damaged due to such disaster.
  3. Property tax (depreciable assets) alternative asset comparison table (Form 1 (PDF: 95KB)) (Form 1 (Excel: 30KB))
  4. Documents proving that the affected depreciable assets were located
  5. Documents proving that depreciable assets acquired between January 2, 2019 and the day the damage caused by Typhoon No. 15 and 19 occurred in affected areas as of the day the damage caused by the typhoon occurred.
  6. If the acquirer of the alternative asset is the heir of the owner of the affected asset, documents proving that
  7. If the acquirer of the substitute asset is a merger or split successor corporation, documents proving that

※required documents may vary depending on the case, so please contact us for details.

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Inquiries to this page

Depreciable Assets Division, Main Tax Department, Yokohama City Finance Bureau

Telephone: 045-671-4384

Telephone: 045-671-4384

Fax: 045-663-9347

Email address: za-shoukyakushisan@city.yokohama.jp

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Page ID: 479-367-498

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