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- Special provisions for depreciable assets in place of depreciable assets damaged by Typhoon No. 15 and 19 in 2019
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Special provisions for depreciable assets in place of depreciable assets damaged by Typhoon No. 15 and 19 in 2019
Special provisions for taxation standards for depreciable assets in place of depreciable assets damaged by typhoon No. 15 and 19 in 2019 (Local Tax Law Article 349-3-4)
Last Updated January 21, 2020
Outline of special cases
Owners of depreciable assets lost or damaged by typhoons 15 and 19 in 2019 acquire depreciable assets in place of the damaged depreciable assets in certain affected areas by March 31, 2024. Or, if you make improvements, you can receive special measures to reduce the standard tax amount for the four years after acquisition to one half.
In order to be eligible for the exception, a tax return must be submitted.
About this special measure
1 Applicable area
Municipalities affected by typhoons 15 and 19 in 2019, and the survivors Life Reconstruction Support Act was applied
2 Eligible acquisition period
From September 9, 2019 to March 31, 2024
3 Depreciable assets
- Depreciable assets that were damaged by Typhoon No. 15 and 19 acquired within the period subject to 2 and replace the lost or damaged depreciable assets
- The section where the damaged depreciable asset has been improved within the period covered in 2.
However, it shall be limited to depreciable assets damaged in “1 Applicable Area”.
4 Period during which the exception is applied
Four years from the year in which the first property tax was imposed after the date on which the first property tax was imposed after the acquisition or improvement of the depreciable asset
5 Special rate applicable
One half
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 of the Act, one-half of the amount set as the tax base pursuant to the provisions of that Article 1).
6 Applicable Owners, etc.
- Owner of the lost or damaged depreciable assets (hereinafter referred to as “disaster depreciable assets”)
- Buyer of the damaged depreciable asset when the damaged depreciable asset is deemed to be a common property pursuant to the provisions of Article 342, Paragraph 3 of the Act
- If the person listed in the preceding two items is an individual, the heir of the person when there is an inheritance of that person
- Persons listed in item 1 or 2 (corporations that survive after the merger prescribed in this item, a corporation established by the merger, or a split succession corporation prescribed in Article 2, Item 12-3 of the Corporation Tax Law) ) Is a corporation, and if the corporation disappears due to the merger, or the corporation that survives after the merger, or the corporation that was established by the merger or the corporate split of the corporate split
7 attached documents for special application
- Depreciable asset tax standard exception applicable asset registration form and statement (to the form download page)
- Documents certificate of damage / disaster (to the description page of certificate of damage / disaster) or documents certifying that the damaged depreciable assets have been lost or damaged due to the earthquake disaster.
- Property tax (depreciable assets) alternative asset comparison table (Form 1 (PDF: 95KB)) (Form 1 (Excel: 30KB)))
- Documents proving that the damaged depreciable assets are located
- Documents acquired between January 2, 2019 and the date of the damage caused by Typhoon No. 15 and 19 in 2019, and certifying that they were located or owned in affected areas as of the date of the damage caused by the typhoon.
- If the acquirer of the alternative asset is the heir of the owner of the affected asset, a document proving that
- If the acquirer of the alternative asset is a merger or split successor corporation, a document certifying that fact
※required documents differs depending on the case, so please contact us for details.
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For inquiries to this page
Yokohama City Finance Bureau Main Tax Department Depreciable Assets Section
Phone: 045-671-4384
Phone: 045-671-4384
Fax: 045-663-9347
Email address: za-shoukyakushisan@city.yokohama.jp
Page ID: 479-367-498